only a few days after stocks seemed doomed and the dow shed over thirteen hundred points wall street stages an impressive comeback. also on the show as global automakers steer increasingly towards electric vehicles the e.u. is to pump two hundred million bureau said to be helping more powerful batteries. and a grim outlook for beer drinkers and you study says global warming presents a key ingredient of the group. it's time for business on the w m how you get gas welcome to the program investors on wall street are having sighs of relief stocks their fall to strong gains posted on european exchanges the dow jones index closed tuesday session two point one seven percent higher recovering from last week's losses of more than four percent warnings by the international monetary fund predicting market turbulences had triggered a sell off on most major trading floors. let's get it first hand for that we are

now crossing over to new york where our financial correspondent jim acosta is standing by high as well that's a pretty impressive recovery there what's going on exactly. last week we saw the worst week for wall street since march and now on tuesday we had the best day on wall street since the end of march well a couple of factors under play here on wall street first of all we got some really good economic news from the labor market job openings with a good seven million reached a new record and there is almost a million more job openings then people are obviously were all fishley claimed unemployed saw that shows that there's almost a full employment here in the united states and then we also got a bunch of pretty solid earnings reports from banks like goldman sachs and morgan stanley but also especially from the health care industry from health insurance

united health from johnson and johnson beating earnings expectations all those were some factors why blue chips popped up by more than five hundred points can talk of the world's largest ever i.p.o. is also getting louder what's the latest over technologies the right sharing company got some proposals from banks for their planned i.p.o. old that is probably going to happen at some point in twenty nineteen and some of the bangs see a value for. next year at one hundred twenty billion dollars so that's quite a breathtaking number if you consider that the company only a boy about thirteen thousand people is not profitable and won't be profitable probably anytime soon but investors keep pumping money into over and just to put to get an idea what one hundred twenty billion dollars means there was that

over would be worth more then for it to general motors and ford chrysler so the big three u.s. carmakers combined. there's quarter on wall street thank you very much. the united states is to impose a fresh set of sanctions on iran they'll target a multibillion dollar financial network that allegedly funds the recruitment and training of child soldiers the move is part of a wider u.s. campaign aimed at putting pressure on iraq earlier this year donald trump pulled out of a nuclear deal that will see a range of previously scrapped sanctions reintroduced iran is already feeling the effects including a fall in oil exports and several companies leaving the country. the business world is in mourning for paul allen the co-founder of microsoft he died at the age of sixty five allen founded microsoft with bill gates in the one nine hundred seventy s. he ranked among the world's wealthiest billionaires and was known for his philanthropy

and the owner of two professional sports teams in the us the n.f.l. seattle seahawks and n.b.a. portland trailblazers as to in a statement bill gates said quote i am heartbroken by the passing of one of my oldest and dearest friends gates was speaking in berlin during a string of aid and development conferences among them the goal keeper event hosted by the bill and melinda gates foundation that tracks progress toward the un's sustainable development agenda. the good news is that worldwide extreme poverty defined as living on less than a dollar ninety a day has fallen drastically in the last three decades the bad news that extreme poverty is now concentrating in fast growing africa. by two thousand and fifty almost ninety percent of the world's extreme poor are expected to live in sub-saharan africa many of them in the democratic republic of congo and nigeria does the call from gates for more aid more resources and more investment will the world's done a great job getting people out of extreme poverty but it's can be

a huge challenge in africa with the population growth the disease burden there so our innovation in new tools our aid generosity we're going to have to do an even better. in africa than we've ever done in the past sustainable practices across the west are also a focus. in somalia i've personally seen in somalia and in the chad region how plants and animals are dying and how the people's livelihoods go with them but to really understand it means realizing that we in europe and in germany are part of the reasons for this change oh slow than long family planning nutrition and disease control are also seen as critical the stakes are high nothing less than africa's future. dozens of protesting women have been injured outside a textile factory in myanmar by an angry stone throwing mop the women were fired

from the factory after striking for better working conditions one of the victims says they were attacked with sticks and stones by about forty men she says where hired to break up the demonstration the factory makes items sold in germany's legal discounter supermarket chain metal says it is investigating the incident many german companies especially fashion labels have been slammed for the vat working conditions of their supply chains in developing countries. high capacity batteries made in europe that's a dream the european commission wants to turn into reality it plans to invest two hundred million euros on the development of more powerful battery cells over the next two years as they are crucial for the future of several industries europe right now lacks way behind asia and the us. the volkswagen aidid vision is due to hit the markets in only four years fully electric and with a range of six hundred fifty kilometers carmakers are eager to depict and emissions

free future where all vehicles are powered by electricity by twenty twenty five v.w. says it plans to have eighty new electric cars on the market but where will the batteries come from probably asia that's where over eighty percent of all rechargeable batteries are made because the world seems dedicated to electric future there is a gold rush mood and production is in overdrive. but there are too many batteries for the current demand and prices are low as a result and that makes it hard to set up a competitive industry here in europe but that's what the european commission wants up to forty percent of an electric cars value is in its battery so it makes sense to get in on those potential profits that's why volkswagen has invested around one hundred million dollars in the us about a respected list quantum scape want to build a solid state batteries and german car makers say that is the future right now the batteries only work in the lab they are far more powerful than current technology

but they have a way to go before they hit the market. and speaking off markets you've already had to say goodbye to human staff when you check in for a flight well now it's time to say goodbye to the cashier at your local store to at least that's what's already happening in japan as a train station in tokyo tries out an unusual concept that's shaping up to become the norm. if you come here expecting a cushier you're in for a surprise at this station store in tokyo shoppers serve themselves dozens of cameras fixed to the store ceilings and shelves detect which items they choose. buyers pay with prepaid cards issued by transport companies automated shops are new u.s. retail giant amazon already operates a number of them and is planning on opening more in the future proponents say it's a winning business model but it was a little convenience stores had to close because of lack of workers and rising labor because of it i think this illusion could address those issues. because

you're free storable initially open for a two month trial period enough time to find out whether the concept could be a hit in japan. and here's one product you may not acquire in those future stores beer a new study says climate change might reduce the global crop of barly a key ingredient in beer it's a despoil outlook for beer drinkers and as you can imagine that's especially the case here in germany. here the world's most popular alcoholic drink it's associated with cultural traditions like here at october fest in munich germany it's that association with good times that has some researchers worried will a possible barley shortage spell the end of social life. sabir play it plays out why the biggest social kind of the tool. for the stability as well if we still want to have some blocks or essentials to have the suchlike beer

talk of the coffee tea things that the climate change is going to do and they help with us china is where the most beers drunk forty nine billion liters a year a threat to the supply could cause a variety of problems the country's center for agricultural policy is on the case which i'm going to call it under the most extreme climate change scenario the beer supply in china will drop by approximately nine to ten percent and there will also be a clear increase of the price. actually china should also make efforts to upgrade crop seeds on technologies to produce a body that can be used to produce beer. more beer drinkers can start tightening their belts now and get used to the idea of a beer less future. so go and enjoy it as long as you can that's all for business thank you very much for joining us remember he can always stay up to date with the latest business headlines on our web site that's d w dot com next time you're in

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