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tv   Business - News  Deutsche Welle  August 23, 2018 7:15pm-7:31pm CEST

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when you use a cell the lot more to tell you about including washington and beijing hit each other with a second round of tariffs will have a special report from one u.s. region bracing for a tough times ahead. ben facility is up next with that story and a whole lot more. earth home tunes of species a home worth saving. here which is on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term climate change to green energy solutions and
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reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation of global one dio's the multimedia environment series on d w. at the. wall street shrugs off a warning from the u.s. president donald trump reckons if he were kicked out of office the market would crash. new u.s. tyrants on sixteen billion dollars worth of chinese products come into effect beijing responds in kind is there a way out of the ranks. and caution about one of the biggest company listings in history the saudis insist iran because i p o will not be called off.
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i'm ben fizzle and let's do business could pietschmann equal market crash legal chaos is roiling the white house this hour experts say don't trump residency is under threat he faces tough questions about pay to women he's alleged to have had affairs with is his response to questions about his political future i'll tell you what if i ever got impeached i think the market would pressure i think everybody would be very poor. because without this thinking you would see it you would see numbers that you wouldn't believe in reverse. or better place to get the reaction on this story than from wall street so if you mask is standing by for us so be interesting the trump is using the word impeachment and funny he thinks that that is cause a crash i mean it's not funny but why wouldn't an impeachment anyone's impeachment cause a market crash. well i think in general that trump is underestimating investors because we have seen so many risks to the
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market where people thought that everyone would just start selling their stocks and they did not so i think this is a way of trying trying to make an impeachment an option that would actually harm the markets harm investors make it look really bad but things that have actually fueled that really that come from trump like for example the reform of the texas coast they have already been taken place there how this really they help the american economy and they wouldn't be reversed so i think that's why the prospect of an impeachment is maybe scary to trump himself but not as scary to the markets here exactly and we've only seen a very small drop as wall street open today so if you stay where you are because i want to ask you about this next story as well the united states is slanted twenty five percent tariff on sixteen billion dollars worth of imports from china a second round of judy's in response to what the trump administration calls beijing's unfair trade practices china reacted swiftly with its own levies on over
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three hundred american products that could spell tough times for american regions that export billions in products to china one of them is the city of wichita the brookings institution says no other metro area in the u.s. is being impacted more by the u.s. china trade route alexander phenomena visited wichita and sent us this report. from handrails and alloy. and his driver own to just the company in wichita that over a wide range of aluminum from over should have been strong decision it's becoming more and more difficult for the grabbers to calculate their contracts in fact we're still in about six months we're not. we didn't affect our market but we have to be very careful and project you get a project let's say in january and it goes up thirty percent by march and your bid
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is not very good anymore from her terror of texas on imports and exports says karen page c.e.o. and president of kansas global partners for twenty five years she's been working to help local companies to improve their position in global markets now she has to deal with more and more businesses suffering from trauma treat. it we're hearing from companies that they may have to lay off people they can only absorb you know the head on their profit margins for so long and then they'll not be competitive competitive they can't south they can't sell they have to lay off. according to a recent analysis which should tell with its focus on aerospace manufacturing and agriculture as more exposed to chinese terrorists then any older us metro area but it's not easy to find business people ready to talk about them some of them made off camera they don't want to be seen to contradict president in this deeply
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conservative state for now many manufacturers here say they're holding their own but with one in four dollars in which the us economy coming from exports to tariffs are expected to have a huge impact an estimated twenty thousand jobs are at stake and at the moment it's the farmers who are paying the biggest toll one of them is keith miller at third. in the ration fama he's been in the red for the last two years now he's afraid of losing china as the market dropped despite the fact that he saw it beings are doing just fine. current prices that we are receiving are anywhere from a dollar to two dollars less than they was three months ago and it's cause enough for her real concern whether we're going to be able to get those prices back in the near future and we're we're definitely worried about were the incumbents going to come to the fore nevertheless keith miller still
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supports. his the first president fighting for you asked interests he said yes the farmer hopes that trump can strike a deal with china and most of all miller hopes that this will happen soon. alexander phenomenon let's bring in sophie again a wall street correspondent up these judy's and chinese imports just going to be attacks on the united states at the end of the day. yeah i think better of the opinion that many people have to right now i would like to see what the watchdog of the american economy basically is saying to that the federal reserve bank and they have been repeatedly warning of the negative impact on the american economy when it comes to these ongoing trade disputes and economists reckon that every one hundred billion dollars worth of imports that are being hit
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by terrorists could hurt global trade by half a percent in decline and i think that is some something that everyone is really worried about here at the moment because we are at one billion dollars right now by the way fifty fifty from both sides and the next around the two hundred. billion dollars worth of chinese imports that are being targeted by new sanctions from the americans they could hit consumers really hard and the consumers are still very important in engine for growth here off the economy so this would probably make everything even what exactly that two hundred billion is already what's being discussed this week so as you heard it there from so if you know just the effects on the u.s. economy but the global economy to thank you sophie saudi arabia says it's committed to selling shares in state oil giant a run off to media reports to the contrary the planned i.p.o.
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is a cornerstone of the crown prince's pledge to diversify the economy reducing its dependence on oil but there are signs the sale may not be so lucrative. it was said to be the world's biggest ever i.p.o. now there are doubts over whether iran co is to be floated all a report by the reuters news agency suggests that saudi arabia is pulling out of the stock offering amid fears that the sale could prove less lucrative than expected. the saudi government announced plans to sell five percent of the oil company back in twenty sixteen at the time it believed around coal would be valued at two trillion dollars or more. but several experts have since called that estimate into question and the financial advisers working on the proposed listing have reportedly been relieved of their. duties energy minister and incidentally also the chairman of saudi aramco tonight reports that the i.p.o. was off thing in a statement the government remains committed to the initial public offering of
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saudi aramco in accordance with the appropriate circumstances and appropriate time chosen by the government. but just what the appropriate circumstances are remains unclear around because plan to buy a stake in a major petrochemical company thus increasing its market value could be one reason the government for buying time. why would saudi officials. when there seem to be some disagreement within the saudi royal family about this i feel the biggest in history nothing compared to the little ones we sometimes see here happening on a friday in frankfurt five percent of the company are supposed to bring one hundred billion dollars and it seems that there is the fear that investors simply were don't believe or would not take the market valuation of two trillion dollars also
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there are questions in saudi arabia about a second exchange besides the one in riyadh long hong kong they all would like to. the iraq war shares have been doubts about the price tag ever since it was announced but why all the delays can't they get their act together. while an unsuccessful i.p.o. would be a nightmare for the saudis who have to keep in mind this is a small country with very high spending every year and it's also a country which completely reliant on their oil resources that one day will be gone so they really want to make sure that enough money is coming into the country it it's really seems that they have this doubt that those one hundred billion u.s. dollars they want to generate are maybe not possible so it feels like they are really waiting for the perfect moment what is the perfect moment what are the market conditions like at the moment for this may go i.p.o. well that's the thing market conditions for this maker i.p.o.
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are in general pretty good when you take a look at the oil markets at the moment and also the oil price just one barrel of brant this year went up by about sixteen percent so investors are actually saying that market conditions are good and they don't really understand why the saudis are that careful about this i.p.o. at the moment interesting stuff from our financial correspondent in president thank you. and thank you for watching us doing business with i'll see you again very soon here on g.w. ellen humphrey we'll have your next business update next hour a life. more
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intrigue on international talk show for journalists discuss the topic of the week he's president to blame for turkey's economic crisis showed europe should germany prop up a man who's turned his tongue trillions we're not talking i'm going to find out on country coming up shortly. quadriga next d.w. .
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nine hundred sixty eight and i don't cry and go to around the world. young people who voted against their parents' generation. which was an obsolete. just full of stupidity and cliche is history they demanded nothing less than a home society will look like maelstrom akin for young violence with the vietnam war playing a role model generation watch for vietnam war every day. our documentary takes a look at mile times how do those who were here members of her for the first time i had a feeling of being part of something moves. remains of those events today. the
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seeds of civil rights. peace movement women's movement. during this period. nineteen sixty eight the global results start september first on d w. alone a very warm welcome indeed to quadriga coming to you from the house of burlington of the focus this week is on turkey's financial crisis that many observers feel could spiral out of control the turkish lira has lost close to forty percent of its value against the dollar since the start of the year contagion is now the watch word the fear is that the turmoil in turkey could impact other economies. but president wretch up type bad want.

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