global markets are in the red after a sell off tech shares expanded to other sectors the dow jones index who raises its gains for the entire year as the internet giants continue to fall. on the program makes crucial decisions after arrest over alleged financial misconduct it's keeping him as c.e.o. . and young population is building on a strong internet infrastructure empowering entrepreneurs to talk to some of the. it's time for business on the w. welcome to the program tech stocks are heavily losing market value on the trading floors some compare it to a bubble others say it's nothing to worry about the developments originated of course in the u.s. where the big names are under pressure but repercussions are global as stock markets slide driven by some of the biggest names in tech take aapl at the

beginning of this month it was worth over a trillion dollars now it's dropped to eight hundred eighty billion one reason for the decline weaker than expected demand for the latest i phone models. not just for apple but for the entire benchmark s. and p. index here's why. well when a company represents close to five percent of the s. and p. five hundred itself then you do have companies that are behemoths that can move the market much more so than any company that's running to fifty or below but shares in other tech titans like facebook amazon netflix and alphabets are also down suggesting there may be more to this slump than simple i phone fatigue top of the list of concerns among global investors the unpredictable consequences of the ongoing trade battle between the united states and china. reason enough of course

to worry let's find out more with our financial correspondent at the new york stock exchange causes joining us now it's good to see you well we're talking about tech stocks but looking at all the figures right now it's probably fair to say that fears are expanding to other sectors right it certainly is the c.e.o. of red we just had a good handful of the big tech names losing around one trillion dollars in value from the recent highs but on tuesday the broader market sold out even more than the tech industry of blue chips down by a good five hundred fifty point that was down by a good two point two percent but we also had selling pressure in the oil market the oil prices have dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more now talking about those retailers yes they are under pressure especially the traditional retailers

but the holiday season is around the corner so expect there might be good news then what's the word. we certainly expect a very solid holiday shopping season here in the united states but there could be some clouds on the horizon for the big retailers are looking at next year we could see higher costs partly because transportation costs have increased of agents are up and then let's wait and see what happens with the trade dispute between the u.s. and china if that escalates that could mean that tire tariffs would also be a drag for some of the big names here on wall street and that's the overall story it's not so much what is right now but what could happen next year maybe also a weakening of the u.s. economy and that is making investors nervous certain times ahead thank you very much and scotto for the analysis from new york and another big story we're

nor has decided to keep carlos golden as the company's c.e.o. at least for now that's according to a corporate statement go one is currently arrested accused of financial misconduct as we have reported here he has been now named as deputy c.e.o. of the company and will have the same powers or stolen nessen has yet to decide how it will react to the arrests as go in as also the head of the japanese carmaker its board is going to convene on thursday to make a decision that could define the future of the alliance between both companies. at first glance it's just a normal day as the employees from nissan head into work but in reality it's the day after their boss carlos ghosn was arrested put it to me a pretty cut in a stick with bones arrest is regrettable as he's the one who helped nissan turnaround its business. last night i hope management can work hard to regain the

public's trust most of it almost what i take the place of. trust that carlos ghosn is accused of abusing the superstar auto manager is said to have under reported his income for several years and to have misused company money from asia to europe the news has had a ripple effect guns alliance is a major force on the global automotive market. i understand the nissans chairman carlos ghosn was arrested it is extremely regrettable that we are seeing a development like this. i declined to comment on details of his case as prosecutors investigations are underway regarding its impact on the economy the japanese government will closely watch this development. beyond any potential economic consequences many japanese say they've experienced a sense of betrayal after the revelations. we didn't get it they were actually we also have a nissan car so i do feel deceived because essentially he was being dishonest. and

then when i hear nissan i think of a company that you man is proud of my family drives a nissan leaf but as the head of a company you shouldn't do something so irresponsible and as a japanese person i thought it was embarrassing. now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. the back of the bank of england discover nerd has given his backing to a bricks of deal struck by the u.k. and the e.u. mark carney says it will help smooth the country's departure from the bloc but as the future of the deal is still uncertain young experts are assessing how the looming brecht's it will impact. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs that looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u.

has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i figure u.k. or at least. employers in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them as i think that is something that could definitely affect foreigners brits living in the e.u. are concerned about how freely they'll be able to move once britain leaves the european union. also just in terms of the friction of like moving from one place to another you know i don't know now but me back to the u.k. moving a truckload to share everything and is that going to be subject to some kind of you know is it is it basically to make things worse that's a full way out of it but others maintain that britain is unlikely to burn all its bridges with europe which get half an hour as does minda so i think that in the long term they'll be at least an agreement for either members and citizens because

otherwise britain would end up cutting itself off economically and i don't think that would make sense in the long term. hellish racists as long as they didn't have it with so many questions still unresolved young people are still unclear about whether they'll win or lose after brigs it. to young people in indonesia now one of the biggest countries in the world with two hundred sixty five million people and an impressive connectivity half of the population is connected to the internet and uses it regularly and sixty seven percent of indonesian have a cellphone young entrepreneurs have recognised these opportunities and are making sure others profit from them to. this man is out to revolutionize indonesia's struggling education system. the man is the founder of the ron grew online learning app platform helps students study up on the topics they find difficult in school and in visual interactive ways it's

a new concept in the country where millions are now using the service. here. in the news it is the fourth largest education system globally fifty million students four million pictures but you also one of the lowest performing for a lot of different reasons but one of the things that i want to highlight is the point of the teachers according to what bank what if you two percent of our teachers are not qualified for teaching. after raising his own venture capital in money founded the company and twenty fourteen when he was still a student himself lessons are available for a diverse range of educational levels from primary school right up to university users can also book private lessons by the app for many it's opened up a new world of knowledge but. you need to do at first i didn't tell my parents that i was using it to study. i just said that i was working.

but finally i had the courage to inform them that my parents are really proud of me because i have achieved so much. for years after its founding the company now has over a thousand employees growth has been rapid and plans are in the works to move into a larger space. in the last one year on the we have gone from four million to ten million users know we are now the largest education player in southeast asia. and we've seen how millions of students learning every single day. it's education for the masses thanks to innovation and it's a promising concept particularly here in indonesia where the population is young and over sixty percent of people own a mobile phone in the future grew and grew will also feature job ads to help students find work that suits their skills and it's developing plans to expand across asia. that's all for business thanks for joining us we'll see you next time

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