tv Business - News Deutsche Welle February 9, 2018 6:15pm-6:30pm CET
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side parliament for the time being but that does not deter him in the slightest so right. that's it for me but stick around because ben is standing by for your business name is. what. is known as. you know good day nothing could change you know the banks the mind and so was the language of the bank money. speaking the truth global news that matters g.w. made for mines beat the germans. and surprisingly aspects of noise and culture in germany. us american keep losing takes a look at germany existing procedures to traditions every day lives and language
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has come out of my lungs and us are gone yeah good. because centric gaia d.w. dot com beat the germans. to do. what i believe wall street the volatility continues says the market and has a correction the wild swings suffocate sentiment around the world europe remarkably untouched by the worst. colombia's flower industry provides a lifeline for just a trip refugees from neighboring venezuela and a contentious pipeline project connecting russia and germany passes another hurdle that could undermine energy security in europe. and bad for. let's do business
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the volatility continues on the new york stock exchange wall street opened in positive territory today traders looking to make up for some of the huge losses over the past days but the dow jones industrial average is now back down slightly and choppy trading swings continue and have been severe at times the dow falling twice by more than a thousand points over the past week investors of wide about high interest rates and rising bond yields many analysts believe the volatility is here to stay a while as the market corrects for the bullish trading of recent months. let's bring in now wall street correspondent heads quarters and buy at the new york stock exchange have you seen some very worried faces today. well i mean overall traders still remain a rather calm and again nobody is really talking about a crash at this point what we're seeing is a correction down ten percent from the highs that we saw and off
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a general but still i mean the losses have been really severe the s. and p. five hundred since this high lost about two and a half trillion dollars in market value and today the market does remain unsteady at some point we saw a gain of a good hundred points and we dropped to go to hundred and at the moment we have pretty much break even for the day coincidentally yes let me put it this way to you it's almost the end of the era of easy money has a lot of that cheap cash being pumped into stocks rather than the real economy and investors in essence pulling it back out. well we did see some investments in the past couple of years but yes mostly corporations have used the cheap money and we're talking the zero or partly even below zero percent interest rates for most companies use this money to buy back stock to do some mergers and acquisitions increase their dividends and some of this money is. going out now but it's not just
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again bill it's not just shifting money from one place to another there have been certain investments so yes would you say the main takeaway here is the fact that this isn't just a correction it's not a crash but is the volatility here to stay i mean you talked about traders before but that doubt looks quite erratic. well i mean we might see a fundamental shift and was that volatility might stay with us and what is the fundamental shift in the past couple of years companies for example use those extremely cheap money to finance their operations and if money becomes debt is specially becomes more expensive companies might be forced to get the money from somewhere else meaning they could for example be forced to sell shares and that would increase the pressure on the stock markets or it's pretty likely that those
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markets will not khandaan time soon he ends quarter for us on wall street thank you . german investors kept their cool friday despite the renewed falls on american stock exchanges frankfurt's benchmark dax finished friday one and a quarter percent down that was better than expected following wall street's dive on thursday of the week the dax has shed close to ten percent. not unlike the dow analysts expect a swift recovery though. the reporter the frankfurt stock exchange daniel corp was tracking things for us. investors here to frankfurt stock exchange are rather optimistic again they are quite relieved that we didn't see those massive correction as we have seen it twice this week happening on wall street here on europe volatility will be certainly a big topic next week the market is extremely nervous also will be getting the latest retailer report from the united states as well as g.d.p.
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figures from europe and also for germany so certainly strong nurse will be needed as well again. valentine's day is fast approaching the flower industry in high gear in colombia to the world's second largest flour exporter this year flour farms there are employing many venezuelans most recent arrivals who fed fled food shortages and hyperinflation. and it doesn't really feel at home in chia close to the clumpy and capital of bogota but she's happy to be earning money even if it's just the minimum wage she's one of more than half a million venezuelans who fled the crumbling economy at home to seek a living in neighboring colombia it's a looming refugee crisis. like it but i know it's hard for all of us but we have to move forward so i'm a little bit in. colombia is one of the world's biggest flower producers.
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every year around valentine's day exports thirty five thousand tons of flowers to the united states. other countries also get their be case from colombia's flour farms for my main development but odds are combining them for valentine's day on mother's day we usually need more hands to fill the orders from the united states and the other countries we export to this area many venezuelans have come here looking for work. and we're giving them that opportunity. money at. it used to be the other way around and the one nine hundred eighty s. when oil rich venezuela was flourishing many colombians went there in search of work that's why colombian authorities have let many venezuelans into the country now is that by this country feels a commitment to the venezuelans who unfortunately have been forced to leave because their own government is incompetent. among. most of the venezuelans here are still
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hoping the crisis in their country will end so that they can return home. the contentious know what stream to pipeline is closer to becoming reality authorities on the german coast have okayed construction of the natural gas link with russia will stream one runs along the bottom of the baltic sea from russia to the midan in northeastern germany is next project which will be running alongside will basically double capacity which stands at fifty five billion cubic meters right now of natural gas a year critics say it will increase europe's energy dependency on russia ukraine is set to lose out most present of a half russian gas exports to the e.u. pass through its territory for how much longer nicholas connolly reports. this plant run by ukraine state energy company nafta gas was built almost forty years ago and is now coming to the end of its working life as ukraine struggle to maintain its position as the chief transit country for russian energy needs to
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upgrade the infrastructure a pilot project financed by deutsche bank and underwritten by german export guarantees will see the multi-million euro compresses successively replaced but the question is will they ever really be needed. the north stream pipeline linking russia and germany directly across the baltic sea see here is set to be joined by second connection to construction is due to get underway later this year the new pipeline will be able to transport some fifty five billion cubic meters of gas equivalent to two thirds of the gas transiting ukraine on average in recent years the project critics in ukraine dream to would mean more than just empty pipelines and transit income. they say will increase europe's dependence on russian energy and allow the kremlin to put political pressure on its former eastern european satellite states by halting supplies without endangering deliveries to its big western european customers feel that something nordstrom's backers including former
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german chancellor and current chairman have consistently rejected saying the deal is purely driven by economic considerations and provides additional capacity rather than replacing the existing pipelines ahead of ukraine's state energy company is adamant his country has more to lose than just transiting called if north dream too is built. the devastating we believe clean air wait for a full fledged russian aggression against ukraine we are currently fighting to stop russian troops it's eastern border but if there is no transit of gas it is no risk and we believe russia will be. there but just a matter of months to go to construction on north korea to get under way ukrainian hopes. brussels and. washington to finally translate their vocal opposition to the project direction. germany's popularity has a travel destination continues to grow tourist numbers were up to twenty seven
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thousand for the eighth consecutive year the number of overnight stays rose to a new record watch out i came here as a terse and stayed noise funch tynecastle one of the most famous travel destinations in germany not far behind are the north and baltic sea coasts which attracts millions of vacationers annually most of them germany germany remains the travel destination of choice for its own residents close to a third of germans stay within their own borders for vacation but the country is also attracting more travelers from outside whether for vacation or business overnight stays by foreign guest climbed four percent to nearly eighty four million in two thousand and seventeen among germans overnight travel sees it three hundred seventy five million an interim wrecker's many operations are also concerned about new rules that might come about with a new government especially in the areas of employment and benefits many seasonal and temporary workers are employed in the hotel and restaurant industries. i'm
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heard diaries reveal state doping in chinese sports thank you shin jan used to be a doctor for the chinese on the beach. she says data throughout the eighty's and ninety's there was systematic doping across all sports. for speaking out she actually china and now lives in exile in germany we've. also visited the view from my seat in the horn section. sarah with knows her stuff . was. going to be the most incredible. musicians and
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conductor. and she shows just how diverse classical music can be. sarah's music contemporary classical. w. . every journey begins with the first step and every language but the first word published in the book. rico is in germany to learn german why not learn to tell a simple online on your mobile and free form d w z e learning course he can speak german made easy. d.w. true diversity. where the world of science is at home in many languages. on top of programming going there is a. telepath our innovations magazine for. us from
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