trading on the global financial markets but a wall street recovery gains traction in the dying minutes of the trading day global markets followed in the u.s. down in the tuesday session we'll untangle the mess with our correspondent in new york. we have a liftoff it may be a small step for mankind but it's a giant leap for a long mass his company space x. blasting the world's most powerful rockets into space. and close quarters in hong kong prices are shooting through the roof even for the roughest of accommodation. and daniel winter in a bubble in this is your business update all eyes were on the new york stock exchange on tuesday which had sparked a global sell off at the start of the week the session began significantly down but bounced back because a day of volatile trading got underway the dow seesawed by hundreds of points in and out of positive territory before finally closing tuesday two point three

percent up just shy of the twenty five thousand mark analysts are talking of a normal correction during a record bull market. let's pull in the quarter who's on wall street force against us markets rocketing into positive territory by the end of the session is this a sign that investors have found their bearings. we did see the biggest comeback for wall street since october twenty seventh at the beginning we were down about five hundred sixty points and then we ended the day up by almost five hundred seventy points meaning we had a swing of one thousand points just within. we want to call it the button i would say we get back to normal territory when we don't have swings of above thousand points day so i guess we might have to be a good four patients so not quite normal territory but the u.s. economy is doing really well at the moment global growth is starting to sync up so

how are we supposed to reconcile those facts with the pessimism from investors in the past couple of trading days. and also corporate earnings are actually doing pretty good the only thing is yes the economy is growing yes business seems to be pretty robust for us corporations but where is this growth coming from how did the finances part of the story is that we finance it through the credit markets meaning was a debt on the private side of the corporate side and also on the governmental side and now that bond prices not the prices but the yields are increasing off treasuries and also all of corporate bonds so that makes this that more expensive it makes financing for corporations more expensive so if we should see the certain overheating of the u.s. economy we could see a sea increase even further and that's why the market reacts so negatively to overall pretty good numbers from the u.s. economy ok so good figures but the bad have reason to salivate still because when

you look at twenty seventeen this correction looks bad but perhaps we've just been spoiled by the gains of recent years but what are we looking at going forward well certainly we were up quite a bit and then we do see a correction of eight nine ten percent is not an huge what is unusual is the speed just was in monday's session at some point we lost the last about sixteen hundred points this is unusual and that's why a lot of traders see on wall street are asking this question if the fundamental if the market structure is actually sound or if there was something off sold that will be a point of discussion for the next couple of weeks and months and when we talk about the stock market overall a lot will depend if the yields will normalize again and of growth continues then maybe this was just a brief episode of market turmoil and culture thank you very much. thing in america data out on tuesday shows the u.s.

trade deficit rose to a nine year high in the same or a sign of the strength of the economy but unwelcome news for u.s. president donald trump and his fixation on balances stronger domestic demand lifted imports to a record high trend likely to continue as a massive tax cut reaches american pockets the news poses another challenge for a trumpet ministration that has taken credit for positive economic news and disavowed negative trends trump the blasted trade imbalances as a candidate and has threatened new restrictions. a california based firm space x. has successfully launched the world's most powerful unmanned rocket opening a new chapter in space transport the falcon heavy lift off from kennedy space center in florida after a brief delay the rocket is the most powerful since the nasa moon missions it's capable of five million pounds of thrust and twice the payload of a current record holder it's reusable self landing booster rockets could lower the

cost of operation to as much as a quarter of similar rock. and back to earth now diamonds and pearls purple trousers and purple boots all items that once belonged to american pop legend prince now nearly two years after his death about to be auctioned online for fans ready to go crazy. sorry no raspberry parade here no little red corvette but there are diamonds and pearls well a pin with those words at least more than two hundred twenty five of the rockers former belongings are being auctioned online between february eighth and fifteen most come from prince's former employees or personal assistants at his private state paisley park one of the things that you have to be aware of as most of prince's archive belongs to paisley park never gave a lot of things away so these are rare that people have these things but the most notable items include a pair of purple boots worn on stage by prince size for opening bid is five

thousand dollars or handwritten script from his widely panned one thousand nine hundred six movie under the cherry moon bidding starts there at twenty five hundred dollars for some a small price to pay for a piece of rock n roll royalty. hong kong is one of the most expensive cities to live in in the wold a study by dodge a bank has found less than a fifth of households can actually afford the rent on their apartments locals are false to accept the skimpiest of accommodation. elderly people like shouldn't in london 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. while we watch these i'll tell 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. to do.

with this exhibition in aid organization wants to raise awareness about such living conditions around two hundred thousand people in hong kong are affected to educate and you do all that you he then you know they're all buildings so people with anything in this ready eat human. and or even space is still a small and that is shared with so many households and income is very delicate. hong kong has limited land for new housing now the finance hub is facing a squeeze as more seniors and 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 check out housing fries and rights and because of that then people can afford right

. to own or to rand. a typical. housing unit. that's resulted in an upsurge in minimal living spaces entrepreneur eric wong 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 of the hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the younger generation can't afford them maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in them that way 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 shanley in london the only way for him to

escape his cramped living space is to go outside. the hole all the one came to africa from the americas little more than two years ago and it's now tearing its way across the continent plaguing more than eighty plant species including the african staple maize farmers in mali a doing what they can to stop the boche of the army while these farmers in malawi are using a solution of water pounded chili pepper and salt true powerful army worms because off the shelf pesticides have proven ineffective. the crop munching past so arrived in nigeria on twenty sixteen and spread quickly they're now threatening harvests in almost every sub-saharan country. their technology and farms last year infecting at least haul off the country's corn fields state let measures like pheromone traps and pesticides are having little effect on programmable i do wonder about before

with this local concoction to fall on the worms are dying instantly as such trouble if all the farming families were to adopt this local pesticide we can rescue the remaining crop in the fields all right and in doing so i mean the farmers would have some harvest. fall army worms spiral into the plant and are often only spotted when they merge off to the damage has been done they easily build resistance to chemical control the insect eats around eighty different plants but corn is its favorite if left uncontrolled the fall on the worm could destroy up to twenty percent of to sub-saharan kong crop. amounts all of your business if you want more you can check us out on social media just such for d.w. business all about with mall tomorrow same time same place until then for me on the

d w business taken in by them thank you very much for watching.

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for good news eco africa people and projects that are changing our lives are meant for the better it's up to us to make a difference let's inspire each other. keep going to the farming magazine. long d.w. entered the conflict zones this week on conflict zone i miss them both to talk to rasika buxom on my cell cook is moving fun to be a k.p. she speaks well apology on human rights and is so close confidante of president of the government assumes military up. ration is in syria and continues to preg down on civil liberties trophies principal conflict zone on t.w. .