the new york stock exchange gets a lump of coal and it's christmas stocking the cast of the nutcracker belly brings the opening bell but wall street proved a tough nut to crack and shares found it on you growth fears. also on the show both young chickens and diesel emissions german carmakers have a long way to go to get back into dorothy's good books. and a modern christmas debate for you fake or real christmas trees retailers on both sides braced for their seasonal showdown. welcome to d.w. business i'm a gentle and now it's a christmas present wall street could probably do without the dow is down three percent amid fears of slowing growth u.s. treasury secretary steven minucci and has been speaking to regulators on the

so-called plunge protests team to discuss that's to call markets he already phoned the heads of the country's six largest banks over the weekend in a statement they said that they have quote ample liquidity of a level for lending the moves follow us stock markets worst week since the financial crisis ten years ago uncertainty over the partial government shutdown has added to concerns. indices how to wipe out all their gains for the year. now so he is following the developments on wall street for us good to see you sophie so it doesn't seem as if we're able to calm down markets what went wrong. no it did not come markets at all it kind of had the opposite effect it almost seemed like and vessels were suspicious off from a new chain statement as they wandered to why you would ask these kinds of questions now as if something was up or as if he knows something we. we all don't

know the broader market was down with the dow dropping around six hundred points and also shares of mansfield bank of america with one point five percent i think there's just too much going on right now that it's grouping investors with largest growth and a fad that is still going to raise rates two more times and twenty nineteen so no sense to rally and not even a silent night here on wall street. and then of course there is the matter of trump's tweet criticizing federal chair jerome powell saying that the only problem the u.s. economy has is the fed now what do you make of the. well that is clearly trying to trying to blame someone and who is currently easier to blame than the fed chairman and his monetary policy seems to have to wish is to ensure a strong economy and they're both not related to his policies how convenient he wants a low oil price and low interest rates when the opec are talking about cutting output

to let the prize rice or when the fat is raising rates he can easily say that these are the reasons for sluggish growth and the stock market is a with him on that one at least when it comes to powell in a tweet on saturday treasury sic secretary quota's trampas saying he disagrees with the fact but he never suggested firing the chairman so this might be off the table for this year so three months few there on wall street thank you very much. meanwhile a christmas surprise on european markets shares in the company that runs the london stock exchange fell nearly four percent on news that pan-european exchange operator euronext is in talks to acquire all the wars the norwegian stock exchange for six hundred twenty five million euros the company is currently seeking the support of the board of directors it has already secured support for its offer from also board

shareholders representing almost half of outstanding shares euro next operate several european exchanges it said it found also forces position in seafood derivatives and oil services and shipping attractive. the royal bank of scotland r.b.s. has applied for a german banking license ahead of bragg's it that would help the bank retain its clients in the e.u. if britain crashes out of the block without a deal the move would affect its subsidiary not west and expand its branch in germany's financial capital frankfurt r.b.s. already has a license to operate in the netherlands more than thirty u.k. financial firms have applied for banking licenses ahead of britain's scheduled exit from the european union in march. germany a luxury car maker b.m.w. has been fined ten million dollars by south korean authorities they say the car maker was too slow to recall vehicles affected by a faulty engine but b.m.w.

may have bigger worry is than just to find it now also faces a criminal investigation. south korea's transport ministry wants prosecutors to investigate german car maker b.m.w. it says it has evidence the john took its time to form authorities of a forty car engine b.m.w. known b.m.w. said it recognise a correlation between the defect in the exhaust and the fire in its vehicles only on july twenty twenty eighteen there but the company's headquarters formed a task force in october twenty fifteen to resolve the problem of the fort and embark on measures to minimize the risk of fire including changing the vehicle designs from sun to one you took more than forty cases of fire involving b.m.w. cars were reported in south korea where the carmaker has now record more than one hundred seventy thousand vehicles by october b.m.w. had record another more than one million vehicles due to the same problem in europe

and some asian countries including south career where its sales were down ten percent on the year by the end of november. it's a billion dollar market and steadily growing each year artificial christmas trees are becoming more and more popular and the united states they don't whether they don't use needles and you really only have to buy them once only thing is they don't spread that christmas he said a culture war is raging and christmas tree sellers on both sides are racing to come out on top three zero zero debt for many families picking out a tree is an integra part of the holiday celebration christmas isn't christmas without a real treat you know you think just you know watering it every day until that smell specially the smell of it in our home just made it feel more christmas to us growing christmas trees is hard work it takes a seedling eight to ten years to grow to a height appreciated by holiday happy decorators and competition from artificial

trees have farm owners saying the ranks of traditional minded tree buyers are thinning. we're. industry that would like to remain to be here and be around and if they're ready buys an artificial tree we're not going to be here but low maintenance and a long service life are a tough combination to beat the artificial trees are also becoming more and more realistic the one billion dollar market in the u.s. is growing at about four percent a year no one got as excited about a real tree as me and i didn't it was just too much work to put a real tree on my car to get into the house all of that it's totally for convenience the battle between artificial versus real isn't a new one but new lines are being drawn the prize the continued patronage of young families whose traditions will determine what kind of trees they'll keep on buying

just germany its ford slightly less electricity to its neighbors and twenty eighteen than last year but the amount of electricity imports into germany rose narrowing the export surplus by fourteen percent european countries buy and sell power between each other to make up for differences and consumption and generation that helps reduce the likelihood of power outages the main consumers of german electricity this year are austria the netherlands and france germany's export surplus is expected to end by twenty twenty three as more gas and coal fired power stations are shut down. now what would christmas be without sound to cause and what would santa claus be without his reindeer there's indispensable helpers who pull the sled full of presents through the dark night it's been that way since time immemorial but santa claus also is keeping up with the times now you can equip your animals with a g.p.s. transmitter collar and an app helps you to locate and protect. seppo coitus those

reindeer are far away in northern finland the breeder watches over hundreds of animals what was once a huge challenge is no longer as hard as it used to be thanks to the latest technology. and me as an alternate ending some thirty years ago you had to follow the older reindeer herders for about five or ten years to learn the landscape the forests and all of the animals habits but nowadays you just pick up your mobile phone with a navigation app and from the first day on you can do it all yourself that that guidebook and it goes a long gun. apart from agriculture and forestry there's not much money to be made in this area but for about fifteen hundred shepherds the reindeer on the basis of life herders the meat milk and for the animals are herded together for slaughter. since he invested in a g.p.s. collar it's been easier for sept because though to find his reindeer sail in all

sectors of society efficiency is playing a big role it's the same with the reindeer herding we have less workers so the action should get more and more efficient all the time. the network technology also helps to locate cadavers if an animal doesn't move for several hours every year five thousand reindeer fall victim to predators like the lynx this helps the herders claim the valuable state compensation. i think that now we are facing the same kind of a revolution like we had with this no school with r.'s forty or fifty years ago all i think that these new. all the herders need is a collar which costs ninety euro zone a battery which lasts up to one year and a cell phone simple tools that keep an entire way of life alive. that's our business update here on the w. i'm john album a lot when in berlin happy holiday it's. called

. a starting whistle was about to celebrate the premier event of the. kickoff is how to sing and identify the favorites among sharks coaches players fans and up close personal. twenty nine teams. the big kickoff series starts december twenty seventh g.w. . we speak different languages we fight for different things that's fine let me also make up for freedom freedom of speech and freedom of press. giving freedom for six global news that matters w. made for mimes. raimi on some good. news from. the

book. the beat the brits the beach. the book. the book the book the beasts. the bowling club the best lead long long long long long long the big. love and respect the blame. game.