Global markets are in the red after a sell off of tech shares expanded to other sectors the dow jones index who raises its gains for the entire year as the internet giants continue to fall. On the Program Renault makes crucial decisions after carlos golems arrest over alleged financial misconduct its keeping him as c. E. O. And young populations building on a strong internet infrastructure empowering entrepreneurs to talk to some of the. Its time for business on the w how you welcome to the program tech stocks are heavily losing market value on the Trading Floor some compare it to a bubble others say its nothing to worry about the developments originated of course in the u. S. Where the big names are under pressure but repercussions are global. Stock market slide driven by some of the biggest names in tiny weaker than expected demand for the latest i phone model of. Not just for apple but for the entire benchmark s. And p. Index here is why. Well when a Company Represents close to five percent of the s. And p. Five hundred itself then you do have companies that are behaving with stead can move the market much more so than any company thats ranked to fifty or below but shares in other tech titans like facebook amazon netflix and alphabet are also down suggesting there may be more to the slump than simple i phone fatigue top of the list of concerns among Global Investors the unpredictable consequences of the ongoing trade battle between the United States and china. Reason enough of course
to worry lets find out more with our financial correspondent at the New York Stock Exchange causes joining us now its good to see you well were talking about tech stocks but looking at all the figures right now its probably fair to say that fears are expanding to other sectors right it certainly is the c. E. O. Of red we just had a good handful of the big tech names losing around one trillion dollars in value from the recent highs but on tuesday the Broader Market sold out even more than the Tech Industry down by a good Five Hundred Fifty point that was down by a good two point two percent but we also had Selling Pressure in the oil market the oil prices have dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more now talking about those retailers yen so they are under pressure especially the traditional retailers
but the Holiday Season is around the corner some expect there might be good news then whats the word. We certainly expect a very solid Holiday Shopping season here in the United States but there could be some clouds on the horizon for the big retailers are looking at next year we could see higher costs partly because the Transportation Costs have increased the vegas are up and then lets wait and see what happens was the Trade Dispute between the u. S. And china if that escalates that could mean that tire tariffs would also be a drag for some of the big names here on wall street and thats the overall story its not so much what is right now but what could happen next year maybe also weakening of the u. S. Economy and that is making investors nervous Uncertain Times ahead thank you very much and scotto for the analysis from new york and another big story were
normal has decided to keep carlos dolan as the companys c. E. O. At least for now thats according to a corporate statement though one is currently arrested accused of financial misconduct as we have reported here he has been now named as deputy c. E. O. Of the company and will have the same powers are Stolen Neeson has yet to decide how it will react to the arrests as go in as also the head of the japanese carmaker its board is going to convene on thursday to make a decision that could define the future of the alliance between both companies. At first glance its just a normal day as the employees from nissan head into work but in reality its the day after their Boss Carlos Goan was arrested put it in were pretty tough and ill stick with bones the rest is regrettable as hes the one who helped nissan turn around its business. Last night i Hope Management can work hard to regain the
publics trust most of it almost what i take the place of. Trust that carlos ghosn is accused of abusing the Superstar Auto Manager is said to have under reported his income for several years and to have misused Company Money from asia to europe the news has had a Ripple Effect guns alliance is a major force on the Global Automotive market and. I understand that nissan chairman carlos ghosn was arrested it is extremely regrettable that we are seeing a Development Like this. I declined to comment on details of his case as Prosecutors Investigations are underway regarding its impact on the economy the japanese government will closely watch this development. Beyond any potential economic consequences many japanese say theyve experienced a sense of betrayal after the revelations. We didnt get it they are actually we also have a nissan car so i do feel deceived because essentially he was being dishonest. And
then when i hear nissan i think of a company that your man is proud of my family drives a nissan but as the head of a company you shouldnt do something so irresponsible and as a japanese person i thought it was embarrassing. Now a decision needs to be made about cohens future on thursday nissans board will determine its course of action. The back of the Bank Of England discover nurture has given his backing to a bricks a deal struck by the u. K. And the u. Mark carney says it will help smooth the countrys departure from the bloc but as the future of the deal is still uncertain young experts are assessing how the looming brics it will impact. Coventry in the Heart Of England home to students and researchers from across the European Union many of them originally came to the u. K. Through the e. U. s a rasmussen program but with brags that looming Exchange Programs like these could be a thing of the past for british students the countrys future outside the e. U. Has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. I figure u. K. Or at least. Employers in the u. K. Want to employ more local people now or at least see it as something thats going to be easier and more practical for them so i think that is something about that could definitely affect foreigners brits living in the e. U. Are concerned about how freely theyll be able to move once britain leaves the European Union. Also just in terms of the friction of like moving from one place to another you know i dont know now let me back to the u. K. Moving a truckload of shared everything is that going to be subject to some kind of delay you know is it basically to make things worse thats a for me either. But others maintain that britain is unlikely there burn all its bridges with europe just get off and ours does minda so i think that in the long term theyll be at least an agreement for either members and citizens because
otherwise britain would end up cutting itself off economically and i dont think that would make sense in the long term. With nothing as they stand. With so many questions still unresolved young people are still unclear about whether theyll win or lose after briggs it. To young people in indonesia now one of the biggest countries in the world with two hundred sixty five Million People and an impressive Connectivity Half of the population is connected to the internet and uses it regularly and sixty seven percent of an unusual cell phone young entrepreneurs have recognised these opportunities and are making sure others profit from them to. This man is out to revolutionize indonesias struggling Education System. The man is the founder of the run group Online Learning app platform helps students study up on the topics they find difficult in
school and in visual interactive ways its a new concept in the country where millions are now using the service. Here. In the news it is the fourth largest Education System globally fifty Million Students four million teachers but you also one of the lowest performing a lot of Different Reasons but one of the things that i want to highlight is the quality of the teachers according to what bank what if you two percent of our teachers are not qualified for teaching. After raising his own Venture Capital in money founded the company and twenty fourteen when he was still a student himself lessons are available for a diverse range of educational levels from Primary School right up to University Users can also book private lessons by the app for many its opened up a new world of knowledge but i got the. Idea at first i didnt tell my parents that i was using it to study. I just said that i was working. But finally i had the courage to inform them that my parents are really proud of me because i have achieved so much. For years after its founding the company now has over a thousand employees growth has been rapid and plans are in the works to move into a larger space. In the last one year on the we have gone from four million to ten million users know we are now the largest education player inside is easier. And weve seen how millions of Students Learning every single day. Its education for the masses thanks to innovation and its a promising concept particularly here in indonesia where the population is young and over sixty percent of people own a mobile phone. In the future bride and groom will also feature job ads to help students find work that suits their skills and its developing plans to expand across asia. Thats all for business thanks for joining us well see you next time
were never like the new delhi dot com to benfica. Im scared that of my work not hard and in the end is a me you are not allowed to stay here anymore we will send you back. Are you familiar with this. With the smugglers with clients. Whats your story. With numbers of women especially in victims of violence in homes and take part and send us your story we are trying always to understand this new culture. Are not a visitor not a guest you want to become a citizen. In so migrants your platform for reliable information. Climate change so. Waste. Pollution says. Isnt it time for the good news eco at africa people and