Global markets are in the red. Chair is 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 renauld makes crucial decisions after. Financial misconduct its keeping him as c. E. O. And young populations building on a strong internet infrastructure empowering entrepreneur talk to some of the. Its time for business on the w m how you got together 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. A Stock Market Slide driven by some of the biggest names in tech take at the beginning of this
month it was worth over a trillion dollars now its dropped to Eight Hundred Eighty Billion One reason for the decline weaker than expected demand for the latest i phone models. Not just for apple but for the entire benchmark s. And p. Index heres 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 behemoths that can move the market much more so than any company thats running to fifty or below but shares in other tech titans like facebook amazon netflix and alphabets are also down suggesting there may be more to the slump than simple i phone for team. 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 and scott is joining us now yes its good to see you well were talking about tech stocks that 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 dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more im talking about those retailers 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 Transportation Costs have increased of ages and then lets wait and see what happens with 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 in scotter for the analysis from new york. On to another big story were nor
has decided to keep carlos dolan as the companys c. E. O. At least for now thats according to a corporate statement no 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 ghosn was arrested put it to me a pretty tough analyst it could owns a 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 what i
did on my 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. 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 any 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 were 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 hand 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. On the back of the Bank Of England discover nerd has given his backing to a bricks of 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 briggs 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. Employees 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 as 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 but me back to the u. K. Moving a truckload to share everything is that going to be subject to some kind of you know. Basically to make things worse thats it for me either. But others maintain that britain is unlikely to burn all its bridges with europe lets get off and alice 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. Night at this coalition 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 indonesians have a 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 ron grew 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 pictures but you also one of the lowest performing for 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 one of you two percent of our teachers are not qualified for teaching. After raising his own Venture Capital in money founded the company in 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 via the app for many its opened up a new world of knowledge but i got. To do 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 now we are now the largest Education Player in this obvious easy. 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 grew and grew 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 ill see you next time
or whenever you like on the w. Dot com to secure. The im. Putting the butler. The butler. The amount. Of. The amount of. The total amount. From. The b. C. Church police. Simply. To get. The big discovery moment. The big. Subscriber juice documentary to. Destroy a much element the story of the first woman were told from different perspectives by peter craig im going from the Eastern European perspective from because for example spectrum from the perspective of turkey from the arrow buoyantly w. To come slash w w n one of. I dont know i think that well
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