tv Business - News Deutsche Welle December 27, 2018 6:02am-6:15am CET
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and ample dose of festive cheer for financial markets american stocks rebound big time as traders return from their holiday break and a christmas present for the head of the u.s. federal reserve. could robots fill the staffing gap in german nursing homes and hospitals we meet some of the highly skillful machines being put to the tastes. and reconnecting the two koreas plans to link the peninsula across its heavily armed border of bio road and rail. i've been physical and let's do business it's a post christmas come back after the steep losses of late shares in new york surged by five percent on wednesday in a broad based rebound the best day for wall street in a decade it was partly thanks to santa claus the big retailers were among the gainers tech stocks too but will it be short lived there are fears of a slowdown in the world's biggest economy and that's weighing on global sentiment.
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to talk about the volatility or dizzy luis the heart always at the new york stock exchange for us is the u.s. economy in a good or a bad place right now. as it is right now the u.s. economy is on track to grow. potential while unemployment stays at the lowest since one thousand sixty nine consumption as you mentioned is still a strong this is important since for two thirds of the u.s. g.d.p. incoming economic data do not point to a looming recession that's in the interest rates are these affects the housing market. to see for example also the tax cuts effect it's fading and we don't see any fiscal stimulus on the horizon while we are in the last phases of one of the longest business cycles in the modern history coupled with the trade wars that the government shutdowns changes in the white house fears of
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a global slowdown and all the geopolitical events a confidence and confidence among investors about especially among consumers he's amassed to keep the economic expansion growing exactly everyone's worried about that long positive cycle being over all coming to an end at some stage what about your own power he doesn't have to worry about his job anymore as head of the fed. he's you know be worried even among continues pressure and criticism from a journal trump the white house has been trying to shut down room or resolve the possibility of the president trying to fire powell and even if he will try to lawyer says someone to vegas and see the only allows to remove fed governors for cause and disagreement with monetary policy is not something that would support itself course especially since a firing like this could end up in court what is a clear is it done by attacking the central bank decisions trying to make in the fed's job way more difficult to time when their ease a significant risk for
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a policy mistake so briefly apart from the risk to the volatility of what's in store for the global economy and twenty nine t. . more uncertainty for sure the ongoing global slowdown could get worse leave the u.s. and china trade to the. does not bring any real results or time for that here in the u.s. congress will need to end the shutdown increase their debt ceiling in the new budget for two thousand and twenty while we're still waiting to see what will happen with the break see the elections i mean the argentine european parliament so it seems to bend there are plenty of. question if not now it's time for a perfect storm to happen oh a long list of things to worry about thank you. all german industrial leaders have mixed feelings about twenty nineteen economists still expect healthy growth but as we heard there briggs a trade war and a dramatic shortage of skilled labor in germany or all weighing heavily on business
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sentiment here it now appears to be a global trend the economy has lost momentum has the bull market ended few homes being built in the u.s. chinese retail figures have fallen to the lowest level in fifteen years and i'm looking great for german industry. new orders were down for seven out of ten months this year twenty eighteen began with luck luster figures before two spikes in may and august but the clear trend is definitely downward. experts now expects germany's economy to only grow at one point five percent next year much lower than berlin's official forecast of one point eight percent business leaders are especially concerned about britain leaving the e.u. without a deal a so-called hard brags that a deal between london and brussels looks ever more unlikely despite fewer than one hundred days left before one of the e.u.'s biggest economies exits the union and
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then there's the trade spot between the u.s. and china the effects of an escalation would be immeasurable for the global economy . german business leaders have even more to be worried about the lack of skilled labor in the country but that's the good news germany has a stellar job market the unemployment rate is at its lowest in decades. a skills shortage also affects germany's care sector and the scarcity of personnel coupled with an aging population is creating double trouble tens of thousands more nursing staff unaided it's why research is in the city of hala are exploring the potential of robots caring for people. who already had an m.r.i. examination. no paper the japanese robot asks patients questions there are no forms to fill out the chat before the m.r.i. examination helps see how open patients are to modern technologies in the clinic
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the robot seal pair o. is also used on the geriatric ward it reacts to touch and aims to reassure restless patients such as those suffering from dementia that helps take the strain off the nursing staff. that's. it allows us to maintain human contact and that's really very important in our profession. helps keep the patients calm and that makes our work easier. patrick eon is in charge of nursing research he says there will soon be even more robots in hospital wards but he says the nursing profession shouldn't feel threatened instead it's an opportunity. to greatest potential here is that people can stay in their careers longer because the stress level will be lower and young people are also more likely to choose this line of work. the german air space center is also researching the
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care of the future. one example is eden by remote controlled wheelchair with a robot arm it is intended to enable people with limited mobility to live a more independent life electrodes allow it to be operated by minimal muscle movements it's still a research project but almost sixty percent of germans say that they can already imagine being cared for by robots the vines. we don't want to replace caregivers but we're trying to support them such as by performing repetitive tasks that the robot can easily do. that would give the caregiver more time for those in need. the researchers here are already giving us a glimpse of the future the robots may still be relatively simple but even they can make things a lot easier for overworked nursing staff north and south korea moving enough
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a step closer together say the two countries broke ground on what is set to become one of the biggest infrastructure projects on the peninsula modernizing north korea's rail and road network and connecting it with the self. north korea seen from the south across what used to be one of the most impenetrable borders in the world it is all changing now and this train heading north and carrying one hundred south korean officials as part of the process hopes are high for the two koreas to grow closer together after decades of separation. you know. the reconnection of railways the roads means more than just the physical reconnection people and supplies will come and go through the routes and we will have closer cooperation in culture sports tourism and health. from the north a call for the people to come together. well you know so you are called the results
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of the raid and road project hinge on the spirit and will of our people we cannot accomplish that reunification if we hesitate and fail to care about other countries . to you. for now however a major hurdle is the north korean regime itself construction on any rail and road links can start any time soon as necessary materials and investment are banned under u.n. and u.s. sanctions still in place they will not be lifted until north korea commits to denuclearization. in many western countries the day after christmas is known as boxing day massive shopping spree on par with black friday but in britain the figures tell a different story this year. some were queuing as early as five o'clock in freezing temperatures.
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shops opened at nine shoppers piling out of the cold and into the special offers discounts are even larger than last year as retailers try to draw enough business to compensate for a lackluster christmas old stock now has to make way for this year's this is going to they're like a half praise going on so it's really the shopping so much. every year every year to try to drive every shop every grocery shops and have your. music to the ears of u.k. retailers who've lost so many customers to the online competition this year they've got to sack a hundred fifty thousand employees boxing day won't bring those jobs back even though it's now become a tourist attraction. one week you came to london from there might because of the shopping possibilities since action a virtue here and. that's why we can keep prices didn't stop twenty thousand shops
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