speaks to apology on human rights and is oh so loose confidence the president as the government pursues military operations in syria and continues to crack down on civil liberties on turkey's principle conflicts on t.w. . choppy trading on global financial markets a wall street recovery struggles to gain traction after monday's plunge significant falls on other exchanges fingers crossed it's just a correction and not a crash. and close quarters in hong kong the skimpiest of accommodation prices go through the roof. i've been fizzling let's do business all eyes are on the new york stock exchange it opened. one percent down earlier but has bounced back suggesting relief could be on the way for equity. have a view to days of dramatic losses on wall street have sparked a global sell off investors worried this could be the start of a new stock market crash but analysts point to a healthy correction after such a long rally for stocks the reason for the volatility a concern central banks could start winding down the era of cheap money more quickly than thought. let's go over to the new york stock exchange where your caller is standing by for us is the volatility easing in this. the want to tell it is not really easing and it is a pretty wild ride and we can throw a call in and see where this march good will and today we were down as much as five hundred sixty points we were up by about three hundred fifty so we've seen a trading range of about nine hundred points just was in the first couple of hours here of trading in new york how can you sum up the situation so far is this a correction of the market a correction of the an end to the rally that has been going on really since the global financial crisis. so far it's a pullback or a correction in technical terms we talk about a correction when the market is down ten percent from its recent high that was at the end of generally and at some point to today we did go down by those ten percent we do start talking about a bear market when we're down fifteen to twenty percent so we're not there yet but certainly it is pretty severe and also the speed that we've seeing on monday for example was in two minutes the dow was down by five hundred points so that is a mess of a move and also shows that maybe automated trading also does play into those a mess of and wild swings that we're seeing here on wall street so possibly remaining bullish to a certain extent the volatility is going to remain how do you think the next days ago to play out. well it also pretty much depends on bond yields i mean that caused some of the trouble that there is some fear of inflation that the federal reserve might have to a bit more aggressive but then also yields on corporate bonds especially might continue to rise and if that happens then financing for corporation becomes more expensive but this is really guessing right now we are waiting for this markets to stabilize a little bit but well we do not get that much economic news in the next couple of days earning season does come to an end so if you have a quiet day on the on the new site that could be a problem to really establish this market at this point. keeping an eye on the drama there for us in new york thank you. and the volatility has hit some exchanges especially hard tokyo lost close to five percent on the day the losses aren't as dramatic in europe here's how frankfurt fed and why. traders began tuesday with a sense of dread following wall street losses on monday the fears afflicting new york were in evidence early you know though heavy losses were expected the dax was spared the massive sell offs seen in the u.s. and in asia. because in through we went up to fast weather last year or this year the stock market the u.s. is still up twenty one percent from a year ago no one ever knows when something's coming but one thing is clear though the data is stable there's no impression it will just keep falling. and get elsewhere in europe a similar conclusion but i think what's happened in the calls a couple of days has been a little bit of a hangover from those friday's tyros numbers and in particular the shot brought is in wage growth and that i think has really crystallized concerns the federal reserve will embark on a much faster tightening cycle and that's push bond yields up but it's also put pressure on the u.s. stock market worries that an era of cheap money is over have sparked new concerns about a slump in asia the hong saying in hong kong fell more than five percent on tuesday tokyo's nikkei index also didn't go untouched. this isn't normal it's got to be because of the plunge in the u.s. i thought the economy was actually in good shape which now i'm concerned what might happen at united on a. simple profit taking automated sell orders whatever the reason it all began in new york and where it started there was some worried faces on the floor of the frankfurt stock exchange earlier in the day a financial correspondent daniel cole was there brian. i saw the panic of the panic in the face of investors this morning when they were fearing that we would see either a major correction happening at the stock exchange here in frankfurt or even possible a crash in early trading the roots have in the exact was even under the magical mark of twelve thousand point drop in between six and eight percent but then investors were thinking again with their brains shares were dropping but not as strong as they were actually predicting it seems that investors were remembering that the worldwide economy is doing strong they don't have to fear that we might see a recession happening and many investors actually told me throughout the day that this correction that we have seen throughout the day was even healthy in other news german prosecutors have raided offices belonging to high end car makers in the southern german states of varia and vuitton bag which accused say the raids on a private home and offices focused on three liter diesel motors sold on the european market the allegations of fraud and false advertising relate to more than two hundred thousand diesel vehicles sold since two thousand and nine over a dozen people now under suspicion prosecutors say most of the people targeted were engineers in engine development. germany's biggest industrial union has reached an agreement with employers ending a dispute that led to a series of walkouts last week. union and employers in southwestern germany have agreed on a four point three percent wage hike the deal also allows more flexible working hours it covers nearly one million employees and could be extended across the country. kong is one of the most expensive cities in the world to live in a study by dodge a bank as found less than a fifth of households can actually afford the rent on their apartments locals are forced to accept the skimpiest of accommodation just to stay off the streets the problem is that to get worse. elderly people like should be in lone don't have it easy in hong kong he shares a room with eight other men and pays one hundred fifty euros a month for the cage where he has his bed. you know it was the photo you both my parents died when i was forty years old i gradually lost touch with my brothers. we hardly see each other anymore now it is. through. with this exhibition in aid organization wants to raise awareness about such living conditions around two hundred thousand people in hong kong are affected educate then you get all that you hear then you there all the days so people with anything in this ready eat human. and even space is still a small one and it is shared with so many households and the income is very well. punk and has limited land for new housing now the finance hub is facing a squeeze as more seniors than young single seek to live alone a three room apartment in the city center can cost the equivalent of eight thousand euros a month rents in hong kong are the highest in asia. when hong kong attract international money to come in and write their speculation. right jack up housing fries and rents and because of that then people can afford right to own or to read and. a typical. housing unit. that's resulted in an upsurge in minimal living spaces entrepreneur eric wong's sells these earthquake proof sleeping cabins equipped with wife by air conditioning and t.v. . so far most of his buyers have been hotels throughout asia. a lot he hung on so i think apartments in hong kong will get smaller and smaller the property prices are already so high that the younger generation can't afford them maybe in the future they want to sleep in space capsules like these for a day or two but actually live in them. a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean learn the only way for him to escape his cramped living space is to go outside. consumers here will now be able to shop online throughout the e.u. without being blocked or rebooted the european parliament has voted to end the practice called geo blocking traders that have to treat cross border shoppers in the same way as local ones and grant them access to the same prices it means allowed by as will have why the and easier access to products but the new rules don't cover digital copyrighted content such as e-books and downloadable music. and finally the countdown is on it on masks space x. company is a little more than an hour away from launching its falcon heavy rocket the most powerful in operation a huge rocket digital to take off from cape canaveral in florida but even a space age visionary himself says it's a fifty fifty chance whether one this big will actually work. it's supposed to sail in spirit deep space carrying a payload one of the musts tesla model s. . buster business but it. probably. won't. come true. when the whole is a case of social worker like shaan campaigns on behalf of the disadvantaged. living space in hong kong is the most expensive in the world so many people are reduced to living in just two square meters to light shown this is unacceptable she works to improve living conditions for the poor little treats housing. w. one to elephants need. those of us on a stick model turn into a meeting stone why do algae make clear blue good idea can work in the where there are people developing smart solutions everywhere. let's inspire each other. go into africa make magazine on t w. what does a football loving country need to reach its goals. we'll tell you our german soccer made it back to the top. in our web special on dot com. football made in germany. it's all about the moments that lie before. it's all about the stone lives in so. it's all about george chance to discover the world from different perspectives. join us in sponsored by distinctive instagram or yours at g.w. story the topic each week on instagram. but you can see prosperity optimism that's the power of global trade global three thousand brought to you by d.h.l. . this week on global three thousand we take you to kenya where cut flowers are a flourishing business but one that is taking its toll on the environment. in such a freedom.

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