up next monica jones is taking a look back at a turbulent year donald trump's trade spots with china the uncertainty surrounding bragg's it and the ongoing legal woes of car makers and tech giants. investors have a lot to study just. that's all for me for now i'm richard will be with you at the top of the next hour with another full news bulletin thanks for being with us. natural riches. precious resources. and a rewarding investment. farmland has been called ethiopia's green gold the country has an abundant supply and leases it to international giants. the

government for high export revenues and for corporations high profit margins. but not everyone benefits from the booming business. mix of creation environmental destruction and starvation. the sewing out of a country dead donkey. starts december twenty ninth on d w. two thousand and eighteen was a year to remember from the u.s. china trades to the brics it chaos we look back at twelve bogota months and how they could impact the here at home. and why hope to juicy burgers could help resolve the u.s.

government shutdown. welcome to business i want to get jones of berlin good to have you with us well stock markets around the world are continuing the roller coaster ride making for wild times for investors yesterday wall street managed to improve on its post christmas rebound u.s. markets jumped nearly seven percent since their holiday selloff asian markets are less and susie a stick while chinese stocks were in the green on the last trading day of the week hong kong and japan well in those last days are just typical for what the business year of twenty eight hundred stores for us here's a look now back at what turned out to be quite a memorable year for global trade and the markets it was washington that threw the first punch earlier this year the main trigger was u.s. president trumps decision to impose tariffs on chinese aluminum and steel. we want research brooke will mirror if they charge us we charge them the same thing

beijing reciprocated in what has become a tit for tat trade spot for the trump administration's ambitions for what it calls fear trade also targeted its allies including the e.u. canada and mexico these measures have the e.u. warning of a potential trade war. it could escalate. to a full trade war which would be bad for the whole world we are so interlinked in the global economy the message was clear the whole world would be affected but that didn't stop the trump administration from imposing and threatening more tariffs on its allies and china if they didn't respond to its liking. meanwhile the e.u. has had its own drama brags that negotiations between london and brussels for an agreement on the terms of britain's exit from the e.u. have been on satisfactory. you know stance by this agreement intends to for

a feed through is a certification that is not open for a fiction we've witnessed the tough stance and squabbles in westminster have increased the likelihood britain could crash out of the block without a deal in march that would be disastrous for business. you know bit odd the uncertainty on bragg's it on the tariff war has weighed on global trade and it has been catastrophic for the markets since january global equity capitalization has lost about seventeen trillion dollars. the stock's europe six hundred which tracks the continent's leading companies in seventeen countries is now said to post its worst year in a decade the twenty eight hundred dip is said to be the worst year for the index only financial crisis plunge in two thousand and eight was worse the worst performers include travel and leisure construction auto and parks and banks. the auto industry was a big bone of contention between washington and brussels the trumpet ministration

wants no more terrorists for u.s. made cars in the e.u. uncertainty regarding car imports caused investors to flee auto stocks and suing profit warnings by some carmakers did little to change investor sentiment but there's an even bigger loser on the markets the banking sector. apart from the worsening global macro economic outlook amid a trade dispute there was the current c. crisis in turkey and tied a monetary policy in the u.s. . no industry was immune tech giants the world's most highly valued stocks also took a beating initially it looked like they were the exception. social media from facebook suffered in the aftermath of the cambridge analytical scandal the revelation that millions of its users had their data harvested and used without their knowledge by cambridge analytical. the work of cambridge analytic is not

equivalent to traditional marketing cambridge analytical specialized in december mation spreading rumors compromise and propaganda the revelations dealt a blow to facebook's share price by just recovered in the summer which so apple become the first company to reach our market capitalization high of one trillion dollars. also followed a few weeks later it looked like the sector was immune to the market but that changed. the macroeconomic outlook on the trades but have also affected tech both amazon and apple are down from their highs and facebook is struggling with another privacy scandal. it has been a rough year for the markets and while investors may want to put it behind them twenty nineteen is not rosy. but it's also been a rough year for all the people covering these stories joining me in the studio on . the front foot stock exchange is standing by for us first of all i mean when you

look at this report of a how did we actually manage to get through this year it's really hard to imagine it's been quite a ride and just to summarize what we saw there because it was quite a lot you basically had the u.s. trade dispute where it's basically the rest of the world you have the downward spiral of the break that negotiations you had financial crises past the haunting the banking sector of today the fall of grace of tech giants dizzying volatility on the stock market have i have i missed anything possibly. but anyone taking stock of the sobering situation today has has a quite a daunting task they have to resist the urge to catastrophizing and sort of imagine things as worse than they are because it can get better probably just not immediately or soon ok let's go to a little bit better today in this last trading day markets close where you are in less than two hours. yes that's right at two o'clock central european time german time here so there's not long to go and when i look at the share prices here

they're going up just a tad around one and a half percent but you know looking back on the year jenelle just described all the negative influences that hit the market here it's just a drop in the bucket the docs is looking at a loss of almost twenty percent for the year the deutsche bank once a powerhouse in international banking lost over half of its value alone this year and people are really hurting from that here in germany the german market doing much worse than many others and there's going to be a party here monica when trading ends at two o'clock but i suspect the atmosphere will be totally different than in the previous years when there was also a party and people gladly how does lots of sparkling wine would be just happy to see this year end so let's look to the future doesn't look bright and they'll well you know as you can see like i have a rather opaque a crystal ball with me if we could show that on the camera please i believe but you

know forecasting of course is a difficult business and here i might look to the expertise of others for help in this divination exercise now international and want to tarry fun for one reason oh there it is thank you very much will pay as you can see makes my job very hard but the i.m.f. as i was saying has forecasted already as early in october lower global growth for twenty nineteen on account of the trade war so you have a clear indication there that experts don't think improvement is just around the corner now while the u.s. and china do have this trade truce until march one and bilateral talks scheduled in january a trade deal that both sides are happy with within just a few weeks is quite a tall order of course and domestically speaking of course the u.s. is still battling with that stone demons about the government shutdown. to continue into january as for private that's still pretty much in a holding pattern until of course january fourteenth a when the voter goes to

parliament when parliament where he's about a week exactly and businesses won't get any clarity until then and quite possibly not even until the day of bragg's it itself on the twenty ninth of march and just two months after that of course you have the european elections where populist parties like the alternative offered darts land in germany and the italy's league and france national rally they're all expected to shake up things a bit and let's not think in the anti european parties are expected to do well in the european elections and indeed the first few months of twenty nine thousand are having a make or break feel to them already and. so maybe to listening to you maybe two thousand and eighteen wasn't all that. really over the markets of course i mean i know that europe saw its last recession some seven years ago in the us it's even ten years ago is this something like and a written rule that says ok enough is enough no more growth no there's no written rule and of course after

a year like this people are hoping that because there's no written rule that the upswing will continue or that the the there will be an upswing coming and no more downswing and people a lot of people i've talked to say there's no natural law that says that an upswing has to die of old age but you know when you look at history after such a long time up there has to be a time for correction all right all of us in frankfurt thank you so much and some male here in the studio thank you. so in the us the possible government shutdown is set to continue into twenty nine thousand will then strain in the south and government workers won't get paid next month if it goes on and that's why the owner of a burger joint in washington d.c. is trying to do his bit to ease the pain. what juicy burgers with melted cheese could they be beyond c. to the current government shutdown the owner of this burger joint in washington d.c. think so he's handing out burgers to unpaid government workers with the aim of drawing

politicians with the free food we hope that we can get up politicians into seeburg and it can sit overnight juicy burger and have made this thing out and get these good people back to work this isn't the first time the burger has handed out free food in a government shutdown during the last one in twenty thirteen the joint gave up fifteen thousand burgers in two weeks that almost put the owner out of business this time around he says he'll take it day by day. and that's the business update here on day w. thanks for keeping us company. we should take another look at that crystal ball maybe it's going to tell us something after all but i will work on.

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