tv Business - News Deutsche Welle January 5, 2018 2:15pm-2:30pm CET
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leaving the parks to fill up with families and to feel less. all right you're watching the every need to solve a lot more to tell you about here's what's ahead. u.s. president donald trump wants to open up more of america's coastlines to offshore drilling but the plan isn't going down well with everyone. then faisal is up next with that story and a whole lot more and i'll see you again at the top of the hour. which of britney and. to link to news from africa and the world or link to exceptional stories and discussions from the news and these eat and what wimps id debbie to come snatch a free cup join us on facebook at g.w.
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africa. and idina learn a little visit gina is going to grill twenty nine thousand nine hundred stores for us which topics will shape the next twelve months our military along you know you know just your own twenty eighteen where is the. migration reform mixing the many voices of the european union today on you know you knew. at. download the patch and update your device a frantic rush to fix a computer security flow continues experts struggle to determine the impact of say the vulnerability could affect billions of p.c.'s and smartphones worldwide reversing safeguards put in place after the deepwater horizon disaster the trumpet
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ministration proposes opening nearly all you west coast lines to offshore drilling she is from the energy industry is from other. and president donald trump takes full credit for the astronomical rise of the dow jones industrial average we'll put that into perspective for you. i bet fizzling let's do business apple now says its i phones and mac computers are affected by the security flaw disclosed in intel processes even billions of devices vulnerable to hackers and there's more to step in use intel knew about the flaws well before they were disclosed to the public and the behavior of intel's chief executive officer before the revelation raises questions as well. intel c.e.o. brian cresent sold thirty nine million dollars in company stocks and options in november months after learning about the flaw and well before the problem was
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reported publicly intel says the stock sale was unrelated to the chip problem it said it planned on going public with the flaw soon and it was working in the meantime to find a fix the bug is a nightmare for the u.s. tech giant but also for consumers millions of computers and devices are affected and one basic fix for the issue the so-called kaiser patch comes with the caveat as one of its developers explains. it might have economic impact. for cloud providers because now they with the kaiser patches they might have higher energy costs. for regular customers and they will also have higher energy costs because of these patches daniel groups was among those who informed intel of the design flaw in its chips he thinks intell was right not to disclose the problem immediately. i think it's a good idea to not publicly disclose this from the start because these are very
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serious attacks and non-self is to cater to tech or could immediately use this attack to leak sensitive data from you know mary now the whole world knows but because the kaiser patch uses more energy it slows down devices hardly an incentive to get the fix that's why some researchers would rather change how computer chips are designed but that won't happen overnight let's talk about this with daniel corp our financial financial correspondent in frankfurt daniel good to see you there is this really bad timing by the c.e.o. of intel who sold his shares after finding out about this mess back in november last year or could it actually be insider trading. well it just doesn't seem to be right when you talk about this and i was talking to traders here also on the trading floor they're also discussing this very controversial because of course it's one thing not to release this information right away to the public
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in order not to give hackers an idea what to do but then at the same time selling shares worth more than thirty nine million euros it's just doesn't seem to be right and yeah this could be considered as insider trading let me just tell you how this usually works here in frankfurt whenever a company feels that they are that they have to share news that could really affair the share price they have to send what is called a talk message which is really being right away displayed here on the boards and also traders receive and alert on their trading software so yeah the traders are really discussing this a lot here today ben and just very briefly what's happening to the ship price of the companies intel and pull as well well right away when this news was breaking shares were ranking down even though we had this twenty five thousand record yesterday at the wall street and wall street also shares off into were really dropping today it seems that they will be recovering again then you go up in
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frankfurt thank you energy independence is a lovely thing but donald trump's government wants to open almost the entire u.s. coastline to offshore drilling the energy companies are cheering several coastal states belt to do what ever it takes to stop that from happening. the five year plan calls for forty seven new offshore leases opening waters that have been off limits for decades including areas off the california and florida coasts is a move that the u.s. interior department says is in the nation's interest but it is a clear difference between. you weakness. and under president we're going to have the strongest energy. and become the strongest interview super car we've certainly yet it's to do that the proposal follows last week's announcement of plans to roll back or even repeal safety regulations adopted under the obama
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administration environmental groups have vowed to oppose the move and are organizing protests offshore drilling is is inherently dirty it's inevitable that there will be an oil spill such as was the case off the coast of santa barbara in two thousand and fifteen where are hundred thousand gallons of oil spilled into the ocean killing fish marine mammals and other wildlife. and you can go as far back as two thousand and ten to the b.p. departed horizon spill which spilled millions of barrels into the gulf of mexico the plan has already drawn heavy criticism from several coastal states among them the carolinas and california also in florida where memories of the deepwater horizon spill remain fresh the two thousand and ten oil platform explosion claimed the lives of eleven oil workers and devastated the gulf coast. energy analyst is with us how do you good to see you again are you just excited about the move as
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the american energy industry is. well the u.s. wants to become a global leader on oil production that's for sure that they do this for many years now especially because they have fostered at the fracking or oil exploration we have an hour for it on the international market so it's more political decision ready to increase also the offshore drilling which is high risk the technology just how high the risky is it. just we've seen pictures of the environmental disaster that was caused during the deepwater horizon incident back in two thousand and ten is there a chance of that happening again considering we're talking about almost all u.s. coast lines that could be drilled yeah it's a high risk technology especially because if it's very close to the coast and we have seen these accidents and this causes a lot of damages to the environment to the sea and also to fish and birds and this
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risk is very high especially if they allow it everywhere almost everywhere and we have environmental protection areas which are very vulnerable and it's not really desirable to go in that is tell me is the business worth that when oil prices. so low and the clean up costs of such disasters is so high now the business is not worth it at this times because we have an oversupply on oil on the international markets the u.s. is exploring already a lot because of fracking we have an oversupply and this is why the oil price we have an oversupply and this is why the oil price is quite low at the moment it's unlikely that it will increase so the environmental damage as a potential potential environmental damages might be too high so as you say a political decision trump. giving a present to his supporters. yeah to his supporters it's fossil based
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a political position fossil industry and for thank you very much for your analysis thank you the trouble nuclear technology from westinghouse is being sold a canadian conglomerate is purchasing the one time u.s. industrial giant for four and a half billion dollars was the house declared bankruptcy in march after a failed react the project in the u.s. and pulled its parent company toshiba down with it a diminished appetite for nuclear energy in the global shift towards alternatives like natural gas and renewables has also put the company's bottom line in recent years. well it's been a very happy you year for wall street the dow jones industrial average has surged past twenty five thousand points for the first time. you milestone comes off the back of the rapid rise for the blue chip index boosted in part by an overhaul of u.s. taxes which substantially cuts the corporate tax rate u.s.
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president donald trump was quick to claim responsibility for the new down record and already has his sights set on yet another record. we did in fact break twenty five thousand tourists to actually break it very easily. so i guess our new numbers thirty thousand but what they what it means is every time you see that number go up on wall street it means jobs i mean successes. and you got that part right let's put this all into perspective though and have a look at the dow jones over the last decade because those gains didn't just come out of nowhere after the financial crisis u.s. markets hit a low of about six thousand six hundred points as you can see there much of two thousand and nine just weeks off to iraq obama had been elected to the white house since then the market has seen a fairly steady rise all the way up to that twenty five thousand mark as you can see but remember the dow had already almost tripled in value by the end of twenty sixteen when donald trump won the election it has continued to rise since then on
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to do extraordinary. to decide what song. sunday morning. dot com smart. they live to surf. danger lurks in the longer we were there all year long surfing into waste and and polluted water not only being the witness but the fans being victims i mean with your troubles all gastric troubles. basically this is sort of always moments in fact coupled with the nation full of others on a shelf. is only decent it's sad to go somewhere every day and see more of me and probably shoot times for the sun gives me everything the waves the wind have to give something back to me and i can apply nj to seem to many of the others. point waves
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