political differences we are confident that we have a stronger sales leading up to the games i can say this with confidence because koreans are known to be late buyers and those lights could determine whether the olympic flame gets a rousing reception when it arrives in pyongyang in february for the opening ceremony. you're watching news still the calm the sky is the limit stock markets around the world are pointing in one direction today and that is is this rally sustainable or is another bubble on the horizon. get out has the answer in just a minute. and then fresh d.w. me speak your language being done. for content in dari pashto and more to

prospects for returning our web special to the net the refugee journeys of life in germany and the prospects for those returning home. join the discussion on g.w. dot com and on facebook. prospects for returning. d.-w. maybe for mines. which of it. your link to news from africa and the world your link to exceptionally stories and discussions from the news of easy town while website d.w. dot com so much for joining us on facebook at g.w. africa. at the. stock market it's a good one chaz around the world rally on good economic data but is it really we

looking at the next bubble. also russia secret complained google twitter and facebook face a grilling from u.s. legislators how could russian agents be allowed to influence the presidential elections by using social media. and do robot dogs dream of chasing electric sheep sony unveils man's newest best friend. this is t.w. business live from berlin i'm going to office a perfect storm is shaping up in the equity markets across the globe not a bad storm sawing destruction it's a good storm sweeping across the world's trading floors boosting share prices in a broad based rally the fire is being fueled primarily by upbeat corporate earnings reports also oil has been making a bull run after producers tap their own central banks are showing confidence in the economy with rate hikes scaling back monetary accommodation global trade is

booming tokyo frankfurt london and new york indices story two record high. well that all sounds like good news but is it a sustained rally backed by real world data or is it dangerous bubble forming the questions i want to discuss with only vance our financial correspondent at the frankfurt stock exchange and michael hewson chief market analyst at c.m.c. markets and joins us from the city of london let's start with you ali in frankfurt what does it look like where you are german investors must be celebrated. those that have shares that have equities but the majority doesn't study by the door chocks an institute an advocacy group for the companies that issue shares says that only nine million people in germany own shares directly or indirectly that's a percentage of about fourteen percent and when you look at the blue chips here and the dax the majority of them don't have a german majority but

a foreign ownership majority that's not bad in itself of course people people are free to buy whatever shares they want and german companies welcome the money but the germans are not participating and i think the reason as since two thousand and one the internet bubble burst and a blue chip telecom was also among stott and lots of people lost lots of money that comes freshly into the market and those people have stayed away since then since they've lost money and i think the whole experience of that has also prevented new people from joining in here to their detriment because the share prices have risen since then michael if you look at it globally is a truly backed by real world economic facts. well i think that's the question a lot of people for asking i think in the past when we've had stock market rallies we've generally sane sell off in beaumont case there tends to be

a rotation what i would call a rotation of capital and the thing with these sorts of bubbles that we're talking about is that when people start talking about bubbles you also have to remember bubbles can continue to inflight for quite some time after they're identified but let's look at the facts ultimately where else can investors put their money to generate a yield on their capital and ultimately you can put them in bond markets because as you just said interest rates are at record lows which really just leaves us with equity markets now we looked at we saw the european central bank last week they're likely to keep rates very very low in two thousand and twenty and i think that combined with the fact that we're seeing that decent recovery in global economic data suggests to me that this rally that we're talking about can continue for quite sometime well you and i are journalists we're not used by would be good news how far do you think we are away from calling it a bubble again. well i think it is already a bubble because. as michael says it's a interest rate driven development to

a good part certainly there are also factors like trade and corporate profits and valuations in the market for many of the good companies are still reasonable but when you when you look at the charts since two thousand and nine basically the german market has been on the up and it's a very long period without any real serious correction in between and it's basically been supported by the perception that whatever happens the central banks will be there they'll poor more money and whether other lower interest rates again or keep them low and nothing will happen to us and that's led to a bubble certainly in the bond market i know of very few people who don't see it that way when risks in greece or spain or italy are priced the way they are as low as they are because the central banks are behind that and if that should first they're in the bond markets then you're going to have trouble in the equities markets too but equities markets also i think there's trouble brewing because of

the kind of ignorance of the investors of political risks that are out there the market is practically immune to that at the moment that's not really realistic really about michael hughes and in london thank you very much. facebook google and twitter are in the spotlight of u.s. lawmakers that being questions about their political ads the companies have begun two days of hearings before legislative committees the question is has russia used the company's out services to sway american voters in last year's presidential elections and so discord afterwards facebook admitted that hundreds of millions millions of people may have been influenced by politically divisive posts from fake accounts that originated in russia. thousands and thousands of ads and comments on social networking sites during the presidential election in the u.s. favored u.s. president donald trump over his opponent hillary clinton up to one hundred twenty

six million americans were served the messages originating from the russian troll farm the internet research agency u.s. lawmakers in washington are now trying to figure out how it could have happened the u.s. judiciary subcommittee grilled three social media representatives from facebook twitter and google for hours the questions were difficult like why was the problem first discovered eleven months after the election those are two datapoints american political ads and russian money rubles. how could you not connect those two dots. senator it's a signal we should have been alert to and in hindsight it's one we know ok during the senate hearing facebook's representative stated that ads from russia were even posted after the election but this time against donald trump's presidency in the wake of the election and now president trump's

election we saw a lot of activity directed at fomenting discord about the validity of his elections used state sponsored attackers are particularly pernicious they are well resourced they are sophisticated they are patient and often by design they are difficult to recognize the russian's attack was clearly meant to cause political and social discord and divide the american people in the future all three companies plan on countering organized troll campaigns by blocking accounts investigations continue today facebook google and twitter executives will appear before the u.s. congress intelligence committee. now buying gold is a popular impulse among investors in turbulent times of purchasing the actual physical bully on bass wrists qantas had bought up u.s.

concern for those looking for a safe haven like the one that was sold by also a branch of the royal bank of canada. when all that glitters is gold you need experts to tell you so especially if purported markings from the royal canadian men make a gold bullion budget of it. there is no gold whatsoever but it's it's it's not made of gold that was a problem for this jewelry business which bought the bar it's since been reimbursed but investors and jewelers alike might be worried at a compromise the pi. for the mint will want to get the bottom of it because it. undermines confidence in their product and they certainly don't don't want that nor does any of the financial institutions in canada want that they don't especially not the royal bank of canada which saw before it since returned the piece for testing at the mint but other bogus ones could be in wide circulation and difficult

to find well we keep hearing it robots on the march set to take over the workplace soon they will form public services and help us with chores at. japanese electronics giant sony has now introduced the second version of the little electric dog electronic dog that will keep lonely people some company with its fresh little gate and. i have zero seems set to take us by stoll well maybe. do electronic dog stream of chasing electric sheep ask japan sony corp just developed a second generation of its little robotic dog in silver and black looks like a cross between your average lap dog and a coffee maker he even comes with elie diaz to light the way japan sony corp unveiled the robot a day after it forecast record earnings reading its share price to hit

a nine year high the robo doggy runs for about two hours after a full three hour charge it has two cameras that use facial recognition to identify its owner and twenty two motors for movement. so when i got there. i don't know how they're confident that a robot that allows the experience of connecting with people and love is exactly what embodies sony's mission so i gave the order to begin the development of about a year and a half ago when i will have much the owners can also sync with a smartphone application called my i bow which allows them to play with the robot dog remotely the electro will cost about fifteen hundred euros and shipments start in mid january. me and the business and. slash business on facebook. but more news on the top of the thanks for watching by the.

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