the u.s. is not singling out china for punishment or at least that's what the u.s. treasury secretary says investors worried america's honor of a tech investments is reaching other countries also coming up those tensions plus political problems at home all weighing on confidence in europe's economic engine germany and investors are unsure what to make of present add on's a reelection in turkey the lower soaring before coming back down with a bump. and this is a business update. u.s. treasury secretary steven the new chin has denied reports that the united states is specifically targeting chinese firms in its crackdown on foreign acquisitions of u.s. tech following reports to the contrary in two major outlets nugent tweeted the stories on investment restrictions in bloomberg to the wall street journal are false fake news he went on to say that plans to impose investment restrictions will apply to all countries accused of trying to steal u.s. technology. against

a wall street for us with more on this so yes the word from the treasury is that they're not singling out china but are investors buying that explanation. well even if they're buying this explanation that doesn't necessarily make things better right because not just china but also other markets and potential investors would be limited to the you or third tech industry so one idea circulating is on one side investments into the u.s. knology industry might be limited on the other side also exports of out of the united states could be controlled more or also restricted so we did see quite a reaction here on wall street blue chips losing by more than three hundred points nine out of the past ten trading days actually blue chips lost value and especially technology shares gutted hard here at the beginning of the new week well

despite strong opposition from investors and from abroad it seems approval of trump's economic policies at home is grow. well actually donald trump for his economic policy received the highest approval rate since he started office and if you're a look at the poll that was published by the n.b.c. fifty four percent of the participants said that the economy isn't good or even excellent shape the highest reading that we've got on this poll since this started about ten years ago for example the unemployment rate is almost at the lowest level in almost fifty years the consumer sentiment remains on an elevated basis then when it comes to the u.s. economy most americans seem to be unhappy with the current administration it seems

trumps tough stance on trade and economic policies and pressing americans in scott thank you very much for that. and those trade war fears have affected investment in europe's biggest economy the ether a research group says german business confidence is this month to its lowest level in over a year but the world edging towards a full blown trade war all the german export champion may not be able to take this one in its stride. the retail sector has been a pillar of the german economy in recent years but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis very and coalition partners the c.s.u. have taken a tougher stance against immigration that could bring down the government and force

new elections something that wouldn't bode well with investors. add to that the dispute between the u.s. and its major trade partners. mushing turn has threatened even more terror cement ideation to the e use new levies on american products experts say germany would be the big loser any new tires on its automotive industry would hit it more than other e.u. countries. investors are still processing the reelection of red chip tired adeline worries remain that adam once economic views are simply too unconventional politically in turkey he may be unstoppable but can he reign in the unstable economy. after the election many turks hope stability will rule the day and the president ever to one will continue his current economic policies. to kid it there will be economic stability in the country there has to be. that been

a lot of mild hildy in the markets now it's over at least the elections are over. six if you ask me whether the euro or dollar will increase i think the depreciation the lira will continue. with that but turkey's currency the leader is under pressure due in part to worries about everyone's efforts to consolidate power and fears that he could seek to influence the country's interest rates fears that are having global repercussions. for investors are withdrawing their funds from our country which is leading to depreciation of the leader of the dollar is rising day by day i think the situation will get worse now that the elections are over inflation has soared to double digits and turkey's trade deficit is increasing because the country needs to import more products than it can sell abroad adding to its woes. if you see some structural reforms work is not doing. this in the last. two years so if we see the

economy management returning back to the plantation of the policies and also you know the rebalancing and the lifting off state of emergency i think the pressure on the knees a realistic proposition according to many experts they say the risk to turkey's economy have grown in recent months. as brazil recovers from its worst ever recession the squeeze on public services like education remains the country's pupils fall way behind on o.e.c.d. averages it costs objects like math and sciences private schools are too expensive for most brazilian families but one has come up with a tool that he hopes will make high quality education available to everyone. cloudier says saki lives and works in sao paolo brazil is financial capital in this

glittering city the divide between rich and poor is extreme schools are often poorly equipped with teaches using outdated textbooks it's a different story at private institutions like the humboldt school so the few who can afford it avoid the state school system. brazil is a country in which to drop operation high school is roughly fifty percent out of those who finished house high school about ten percent learned the basics in portuguese and math sold. and even access to high quality education is the worst problem we have as a country. cloudier society has four children he's working to develop software that he hopes will provide everyone with access to education that's why he founded a digital platform already used by millions of students in brazil. the content is designed to be more entertaining and accessible than traditional lessons with students can also test their own performance. the platform costs

a maximum of ten ryall or two euros fifty a month ago society is working in cooperation with both private and state schools you. need to change our teaching methods and look at new ways to present the material much formosa three how can we get students interested in a topic something that is particular how do we transfer knowledge and shows what they can do with it in their everyday lives and to citizens. but i've. seen it is in the prettiest digital platforms a very important. image is much better than just books and worksheets we can learn on a smartphone or a computer. connected to the internet straight away and the guess is that we have the president committed. society is convinced that a good education can help overcome social inequality he started his

business in sao paolo six years ago today geeky has around three hundred employees . to find. people who know how to work with machine learning how to swim trick or treat intelligence apply twitter creation it's the it's a very unique so we are constantly. fighting for resources and talent against what google microsoft facebook not only in brazil or from overseas. societies educational tools are used throughout brazil he hopes to offer his software in neighboring argentina next. and argentina is caught up in the midst of a crippling general strike those strikers are frustrated that the government's plan to call on the help of the international monetary fund the i.m.f. has provided argentina access to fifty billion dollars in funds should they need it but the citizens are having none of it. deserted airports not

a single traveler waiting at the check in desks and bus stations that seem abandoned it's not because argentinians are sitting in front of their t.v. sets watching the world cup know it's because argentina is in the midst of a massive general strike. even schools and banks and hospitals are closed for twenty four hours the powerful c g t union called for the strike and thousands of demonstrators filled the streets of. calling for wage negotiations with no upper limit but the administration of mary sue mccree wants to wage increases capped at fifteen percent despite an annual inflation rate of twenty six percent. this must be the beginning of a real fight i cannot and here we much the feet mccurry and drive. which is the only way for us the workers to turn the situation around. argentina's finance ministry estimates the strike will cost the economy around nine hundred million

euros. and that wraps up your business for today i'll be back with mall tomorrow same time same place. to. try to. track.

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