the number one music streaming service spotify goes public off to a rocky relationship with some artists the platform gets really the right on wall street also coming up how would you like to start your working week like the really stuck in a mass crowd spinning on to the tracks with nowhere to go the commuter chaos in front israel workers embark on a series of strikes that could span months. on the cargo bike craze how more trades people are getting ahead of the possible diesel batman in their cities with pedal power. base is your business update on helen on free and by then thanks for joining me now the number one music streaming service also via has gone up public and after a rocky relationship with some artists the platform is currently enjoy a smoother ride on wall street attracting plenty of investor attention. spotify has

not earned a cent since it was founded in two thousand and six but losses of almost a billion euros didn't seem to put off investors. at the new york stock exchange hopes run high for the swedish company. we do think the model is going to be strong for spotify it's you know it's quite a sexy stock it's quite a sexy industry. and the way that they've done it's obviously may mean that indexes are going to come through a lot of trade that's a lot of a lot of funds the ones that have spots five. the share price underlines that spotify open it almost one hundred sixty six dollars per share that values the company it twenty nine point five billion dollars the timing for its i.p.o. is not ideal though. following facebook's data scandal the tech sectors reputation has been severely turn ish too was going to do this. us president donald trump's verbal attacks on amazon came as an additional setback.

still investors have high hopes for music streaming providers. more people are now talking about streaming it's easy to forget that just three years ago even in the us streaming wasn't really saying it was loading songs so this helps educate the market and that's equally true across the world spotify and its competitors account for sixty percent of all buzy revenues and countries like germany offer them a lot of potential for further growth that creates often ism and self-confidence that spotify and among investors. let's bring in jose luis to add to a financial correspondent on a wall street now good to see you who is in the east now a lot of enthusiasm right now this offering but this is a short lived they will come we expect this to last. it's hard to tell how.

to netflix of a dollar so remember all those so-called unicorns as is the case of it's not lost nearly half of its value as for now spotify is the world's leading music streaming service provider and expected to reduce its losses in the current year spotify also can benefit from various networks that will help the company increase its users the animals are valuable intangible assets especially the user data and listen in proper incentives that said the company faces intense competition and has a cost structure that may lead it's profitability actually as a model is pointed out it will take years for the company to generate any profit at all jose luis in other news has got trump renewing his attacks on amazon is that having an impact on the market. that's the case helen especially if we take a look at amazon shares the losses over the last couple of days the market value has fallen more than thirty seven billion dollars since strong first began

targeting the company last week choose the amazon stock to search around one percent and these time analysts point out that any regulatory action especially if we're talking about any case should be initiated either by the department of justice or different or all trade commission none of which have announced any investigation so far that said fixation with amazon and its founder jeff bezos is not news since he has attacked dozens of times over the last two years it's also necessary to take in consideration that vessels are privately owned that the washington post which has been very critical of trance administration and published a server all scripts related to the white house yes indeed. on wall street for us to talk some thanks. they're from israel workers have walked off the job taking to the streets of paris to protest against french president money when mccall's efforts to modernize one of europe's top economies the stoppages will hit productivity and just as a report revealed on monday that foreign investment in france has hit

a ten year high. but investors in the country see the country rather on the road to reform but also the french and hoff opposed any change. tuesday morning at the godly on a major train station in paris. it's the first day of rolling strikes which are likely to continue for months. for some of the cuts is catastrophic something needs to be done we're victims we haven't done anything wrong we need to get to work like everyone else this is normal. france's national rail operator s.n.c.f. says the strike will halt eighty five percent of france's high speed trains and three out of four regional trains. said i don't think we started every train station no direct trains a commuter was unwell and here i am heading to work and needing to rush of a huge british. the walkout is

a serious test for french president to manuel mcallen's reform agenda to protest these plans the country's four main rail unions are planning to strike two days a week through june this will happen again i am reminding travelers to postpone their trips of possible if they didn't receive a text message confirming their train is running for more than the fifty deaths you'll. come and it's not just train workers electricity gas and sanitation workers in france are also taking part. to argentina now where lack of rave has dealt a blow to the country's finances is old and his economic engine of the drought means that crop growth is stunted president he was counting on a new record this year to boost economic growth to three point five percent instead was expected to be the poorest harvest at least a decade as a ready cut growth full cost of said disappoint. the fields of bake dry the soybeans withering. for argentina's farmers the drought has held since last

november. it's dramatic dramatic because not only is there the physical loss of grain yield but there's also the loss of quality that lowers the products final price but if you put all. pictures shot during better days they show argentina almost completely carpeted in green by it's soybean monoculture over sixty percent of the country's arable land is dedicated to the high protein plant it's a pillar of the economy until recently rising soybean exports were key to argentina's gradual economic recovery but inflation is still hovering at twenty five percent and now there's the drought out of the e.c.b. the government is going to lose between three point four billion and four billion dollars in duty sold. so the immediate effect is that the state is going to stop receiving these revenues and because of the diminished harvest in argentina and

that's independent of what people will start buying which also ruins on economy. analysts say this year soybean harvest will be only two thirds the size of last year's the shortfall will drive up prices globally argentina is the world's number three soybean producer. all right now if you call a plumber roll call and round to your house you'd usually expect to see them turn up and i gas guzzling that you wouldn't necessarily imagine them showing up for a job on a bike but in some european cities it can be faster and cheaper and could be a way a future. it is run of of his world the forty nine year old is a joiner in cologne he tries to work environmentally sustainably easy enough with his role materials not so easy with his transport. so i want to say he's a veto van and for my work anyone with a long wheels it's murder trying to find somewhere to park it no one might even

face a city center driving. city traffic air pollution valves just decided to test a cargo bike for three months instead he's constantly out visiting his customers repairing doors and windows taking parts to construction sites. think you need the small jobs finished. but germany's aerospace center the d.l.r. scientist who has global agrees he hopes the skilled craft and services traits will take to the cargo bike which could easily do up to forty percent of all short trips testers like ryan yvel to have an app to report their usage and experience a hundred fifty cargo bikes are being tested throughout germany. we want to specially to enable employees of companies or public institutions which have never considered the idea to start gaining experience. experiencing the

advantages that is and ryan a veldt is leading the way as a former professional sportsman he's in good enough shape to step hard on those pedals and it works even if the bike lanes are sometimes a bit too narrow. well cars pass frighteningly close. to i can go from door to door take the same amount of time from start to finish but i don't have to worry about parking parking fees. or in a worst case damaging my van on the way so now that's a part of my budget for this year's festivities we didn't see a car go bikes convinced a triumph for the d.l.r. goober and the company which supplies them to the test writers as a courier service it knows there's a lot more testing to be done. and then thought of getting a bicycle careers on chicago bikes doesn't take much doing but getting korea van drivers to adopt the cargo bike that's quite a challenge. join

a reiner veldt or reckons he'll be using a cargo bike for more than a third of his trips in future. he says it's faster and cheaper than his van. and he won't have to worry about any diesel driving benz. thank you company by. cut. cut cut cut cut cut cut. cut cut cut cut. cut cut. cut.

cut cut. cut. but by the german is a strong country. we have achieved so much we can do this and do something henderson some we must overcome it into. going where it's uncomfortable global news that matters w made for mines. causing the pain sometimes you just have to pump up the volume. on the psalmist. good morning rob exports club music magazine on w.

birth to a home tunes of species. a home worth saving most of those are big chain. most start with small steps. tell stories of creative people and innovative projects around the world. to. protect the climate boost green energy solutions and reforestation. results of people you can afford to create interactive content teaching the next generation about environmental protection of using channels available to inspire people to take action and more determined to build something here for the next generation the ideas field by a series of global three thousand.