and era in german politics drawing to a close friends like an american out says he's stepping down as party leader and will not seek reelection german stocks rally on the news but leading economist rick more subdued we'll tell you why also brazil next fall right politician joey have also nado as president who promises an overhaul of the economy with methods is long going to pose it and most emerging economies have very little in the way of public health services really take a look at how pakistan's streetside dentists are filling the gap. i'm chris of coburn berlin good to have you with us it is time for change and on monday i know america ushered in this change germany's chancellor who steered the country through its harshest economic crisis after world war two will not seek another term in office ms makeable also stepped down as party leader following weak state election results the euro slipped on the news while german stocks gained i'm

going to machall is europe's longest serving political leader and has been in power for over a decade. even at the end of two thousand and five until america was sworn in as germany's first female chancellor five years earlier she became the leader of the christian democrats she was chancellor and germany was rocked by the financial and euro crises now that she set to step down as party chair later this year economists believe that could pose risks the president of the german institute for economic research marcel fracture so is it marks the beginning of the end of the medical era this uncertainty is a bad thing for the economy because it means companies and printers don't know what will happen but invest less create fewer jobs and this ultimately has also an economic cost for germany. the german economy remains healthy and few people are

out of work that america managed to lead our country through the economic and financial crises relatively unscathed but germany still has to tackle some major problems and urgent reforms are needed in europe germany needs to invest one education innovation it better infrastructure and also to be formed social security systems that's one important priority the second one is reforming europe president mccall france has asked germany to support him in the form and europe the german government has not delivered on that yet so germany still has work to do and whoever is the next cd huge leader will have to ensure that merkel retains the support of her party knowing as soon as possible who will replace america what the party home will mean less uncertainty for germany including its economy. through the united states and take i.b.m.'s biggest acquisition ever for thirty four billion dollars i.b.m. is purchasing software maker red hat aiming to better compete with cloud computing

companies like amazon google and microsoft computing enables people and organizations to perform. digital tasks on devices without housing service locally i.b.m. c.e.o. ginni rometty estimates the market for cloud computing to be worth one trillion dollars according to and only twenty percent of applications have been transitioned to cloud service so far eighty percent are still stored locally. let's get more on this with dns court our correspondent standing by in new york yes that is the most expensive acquisition and i.b.m. sr is a sensible one it is certainly a bold move under the first six years under the helm of genie rometty being this c o the sales of i.b.m. have been constantly dropping in just about a year ago that trend got reversed

a little bit for example some actions in the market for at the official intelligence have not really materialized so now this is a big move into the cloud service the stock of i.b.m. traded to the downside by about four percent that is not so surprising because as you mentioned thirty eight billion dollars that's by far the biggest acquisition of i.b.m. and this deal will be financed mostly by that so we will see how that works out and also the market is pretty crowded we have big players there like amazon microsoft or google just to name a few and yes let's take a look at the broader picture here u.s. markets saw some hefty swings in monday's trading session the s. and p. five hundred is on track for its worst month since the financial crisis tell us more on that. good also blue chip so the dow jones industrial average briefly dipped into a correction territory blue chips went up by as much as we have one hundred fifty

points at one point and then we lost five hundred fifty points at the low meaning we had swings around nine hundred points so this is not your usual day and it shows you how nervous the market still remains even if we could recover a bit and chips were down by the end of the session by a good two hundred forty points so we got some remarks from the white house saying that if the talks between u.s. president donald trump and chinese president xi do not go well next month that actually all of goods being imported to the u.s. from china it could face more terror so that was one piece of news that started the selling and scored in new york thank you fixing the economy would be brazil's newly elected president jay and also noddles first priority is economic advisor said on monday and that could lead to sweeping changes in brazil for

example despite having opposed privatizations for more than twenty years they are now said to top mr balsam narrows economic agenda he also wants to overhaul brazil's costly pension system years of recession mounting debt and growing unemployment as changed many people's lives for the worse. in brazil poverty is a fact of life unemployment is at twelve percent that's the second highest in latin america meaning thirteen million people without a job. they're struggling with rising living costs and those that work pay astronomical taxes. the incoming president has promised many things he plans to sell state owned companies and use the money to pay off state debt but the most important state owned corporations such as. remain exempt he's also declared war on corruption but brazilians are skeptical.

five percent of the electors believe that this is a historical moment that everything will be brilliant. yeah i think it's good that has been voted because we've had enough of twelve years of the workers' party in our country. it's true that the outgoing government has left an economic mess behind over the past five years national debt has risen from around sixty percent of g.d.p. to a current level of almost ninety percent. which is already slipped by around twenty percent this year recently hit a two year low but after years of recession the economy had recently begun to pick up again if that trend continues both so narrow will be only too happy to take the credit brazil's stock exchange has already reacted positively to the new political order. turkish president rather tired out on his open istanbul's new international airport the mega-star for has six runways and is expected to handle two hundred

million passengers a year the airport isn't complete and the launch began with only a few flights but the opening ceremony had been timed to coincide with the ninety fifth anniversary of turkey's founding as a republic the government says it will be one of the world's busiest airports once it's fully operational twenty twenty eight but the project has been controversial critics say human rights as well as environmental and labor laws were violated during construction. how it is just around the corner and millions of people mainly in the in the united states are expected to celebrate it the u.s. national retail federation annual survey says more than one hundred seventy five million of them are planning to spook around the festival of horror could help kick off a retail boom in the u.s. during the last quarter total spending on costumes and decorations is expected to reach nine billion dollars slightly short of last year's record

a strong showing by shoppers jury how lean could be a sign that the u.s. economy is still robust despite recent stock market. until. and staying where the scary stuff a visit to the dentist is sure to creep many people and in pakistan in particular the experience is not for the faint of heart many dentists there have decided to treat their patients on the street while the wise could afford dental care. paula xing and cleaning for about two dollars that prevents cavity this. is not that i don't have enough money for the dentists in the hospitals they charge thirty to forty dollars just for cleaning so it's better to go to the street dentists who can do it for only two dollars they can even fix the teeth. it's all about improvise ation of the open air clinics in the pakistani city of pindi for many locals street dentists are the only option for dental care the average pakistani

earns around one hundred dollars a month. but the experience is not for the squeamish. one but i don't have enough daisy and we have a special chemical which we apply and works well we can't do root canal treatments because we don't have the equipment for that patient support and when the doctor looked at them and then they want to do something for your teeth polish and clean them noise dust and poor hygiene that's what patients put up with but business is booming for the dentists. went up to one hundred patients a day. these dentists earn between twenty and twenty five dollars daily that's a lot of money in pakistan but for the patient it all comes down to trust it's almost impossible to know how qualified the street dentists are. not unlimited well i'm glad i have my dentist that wraps up our show if you want more be sure to check

out our twitter or facebook feed for now thanks for watching or every.

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