tv Business - News Deutsche Welle December 28, 2018 2:15pm-2:30pm CET
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a comic goes in take. invest says he had much to digest and money will be sorting that out and bring you up to date on those stories shortly. and mail to you to have a look at our website that's dot com news and information there and remember you can also follow us on twitter as well as on facebook but for now do stay with us because monica will be with you shortly. if you ever have to cover up a murder the best way is to make a little accident. raring to. never read a book like this or i. missed. the streets. i'm
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not thinking that well i just sometimes i am but i stand up and. digs deep into the german culture of looking at stereotypes a question that anyone thinks he's a country that i not. yet needed to take to his grandmother. you know it's all about a new i'm rachel join me from egypt from d.w. . post. twenty eighteen was a year to remember from the u.s. china trade to the brics it chaos we look back at twelve volatile months and how they could impact the year to come. also coming up why hot juicy burgers could help resolve the u.s. government shutdown. welcome to your business i want to.
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tell you with us stock markets around the world are continuing their 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 were less enthusiastic while chinese stocks were in the green on the last trading day of the week own kong and japan where weaker and in europe investors took a while to get into a buying mode but chosen london paris and frankfurt did trade up eventually. well those last days are just typical for what the business year of twenty eight in had in store for us is a look now back to 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 trump's decision to impose tariffs on chinese aluminum and steel. we want
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receptor cool 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 two to two for a 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 drags it negotiations between london and brussels for an
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agreement on the terms of britain's exit from the e.u. have been on satisfactory. you know stands by this agreement intends to for a feed through is a certification that it's not open for a fiction we wait for the tough stance and squabbles in westminster have increased the likelihood britain could cross out of the block without a deal in march that would be disastrous for business i. know a bit odd the uncertainty on drags it and 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 set to post its worst year in a decade the twenty eight hundred dip is said to be the worst year for the index only a pulse financial crisis plunge in two thousand and eight was worse. the worst performers
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include travel and leisure construction and parts and banks. the auto industry was a big bone of contention between washington and brussels the trumpet ministration wants lower terrace for u.s. made cars in the e.u. uncertainty regarding car imports caused investors to flee auto stocks and selling 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 the trade dispute there was that currency crisis in turkey and tied a monetary policy in the u.s. . no industry was immune tech giants the walls most highly valued stocks also took a beating initially it looked like they were the exception. social media firm facebook suffered in the aftermath of the cambridge analytical scandal the revelation that millions of its users had their data harvested and used without
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their knowledge by cambridge analytic. the work of cambridge and a little is not equivalent tradition to traditional marketing cambridge analytical specialized in just information spreading rumors compromise and propaganda the revelations dealt a blow to facebook's share price but just recovered in the summer we saw apple become the first company to reach a 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 and the trade spot 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. joining me in the studio now is my colleagues
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who brought a crystal ball more about that in just a moment and of course when you bought standing by for us of the frankford stock exchange i'll get back to you in a second jenelle looking at this report i mean i wonder how did we actually make it through this year yeah i mean that was a quite a long list that was mentioned there and just to summarize because again with a lot to take in the u.s. trade dispute with china a disastrous brags that negotiations the fall of grace of tech giant stock market volatility and ghosts of financial crises passed on to the bond the banking sector today so that's going on means comprehensive there are a lot of issues but those are the main ones now of twenty eighteen us thought is one thing it's that nothing can be taken for granted so longstanding economic policies can be reversed economic norms that are deeply held can be turned on their heads and basically we have to assume that anything can happen it can get better but the possibility that things get worse cannot be discounted unfortunately all right i'm always an optimist genelle and also. i mean it was last trading day in
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frankfurt everybody happy is over. yes they certainly are. you can see most of the people that are trading here and some stock market people some analysts for a party gathering and they're drinking some sparkling wine here and you know when i when i look back yes i do see some very relaxed people and they're smiling but they're certainly shell shocked from this two thousand and eighteen and i think this is just a big collective sigh of relief that this colossal two thousand and eighteen is over as jenelle just mentioned lots of conventional norms went overboard and people were just one from surprise to surprise from problem to problem the problem areas got tacked on like italy for example worries about financial stability in the course of a year fed rate hikes got more and more important as a problem area for the market and people are glad it's over ok that of course means
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the next year is just around the corner janelle and that crystal ball isn't going to tell us what's going to happen well i can see about it saying that really will have a good time about the frankfurt stock exchange it off but not much else unfortunately so good thing we have the help of experts like the international monetary fund they've said that as early as october that basically global growth is slowing down for twenty one thousand on account of the trade war and while the u.s. and china do have a trade truth someplace since march one and bilateral talks set up in washington in january it's not clear that they'll be able to come to a deal well its sides are really happy with in just a matter of weeks then of course as a matter of bragg's their time we don't know what's going to happen until the middle of january when that deal is voted upon in parliament so no certainty for business is there either and just two months after the actual price that day you'll have the european elections and the assumed strong performance of populous parties there and everything they bring with them like. they don't really like globalization and migration and such other features so as we can see the early
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months of twenty nine thousand are already going to be make or break and it's not. set to slow down really ok so those those traders and investors really need to make the most of those few days these cute holidays where they can have a drink because really there are some analysts who due to this recent market turmoil even say that could be a recession a heads. yes i don't know if that's to present mistake because i hear a lot of analysts to that are saying yes the economy will be going down and corporate profits are probably not going to be as great as they were growing at the pace but all in all the situation when you look at it fundamentally irrespective of what turmoil there was in the market is still looking pretty good but we don't know where those problem areas that we've talked about like bricks at like trade like rates are going to take us in two thousand and nineteen and an analyst that i heard said you know if only one of these little bombs goes off and that's it for two thousand and nineteen then you will see a downturn. i don't have
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a crystal ball here either one that's telling me where two thousand one thousand moco people one thing for sure people are going a lot more pessimistically into the new year than they went into twenty two k. well i see this as one new re a new year resolution we all need a crystal ball on a bus in frankfurt's jannette them allowance thank you so much. well in the u.s. the possible government shutdown is set to continue into twenty nineteen more than three hundred thousand government workers won't get paid next month if it goes on and that is why the owner of a burger joint in washington d.c. is trying to do his bit to east the pain. what juicy burgers with melted cheese could they be beyond sick 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
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drawing politicians with the free food. they hope that they can get the politicians into zeba and they can sit over a nice 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 and a government shutdown during the last one in twenty thirteen the joint gave out 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 your business update here on d w thanks for keeping us company. we should take another look at a crystal ball maybe it's going to tell us something after all if i was.
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