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tv   Business - News  Deutsche Welle  December 28, 2018 5:15pm-5:31pm CET

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part of their wedding fragile was touring the famous limestone pinnacles in western australia when he stumbled upon the new newlyweds and the old wished each other good luck with fred is really looking to defend his australian open title in mid january and he got some early practice in with some. and he described the landscape he saw there like the mole and. that's it for now thank you very much for a company. how about taking a few risks you could even take a chance on. don't expect our pm to.
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earth home to billions of species. worth saving. google in two years tell stories of creative people and innovative projects around the world try to use the protect the climate boost clean energy solutions and reforestation. using interactive content to inspire people to take action google audience the series of google three thousand on t.w. and online. two thousand and eighteen was a year to remember from the u.s. china trade spat to the brics it chaos we look back at twelve and volatile months and how they could impact the fear. and why hopped a juicy burger could help resolve the u.s. government shutdown. welcome to your business i want to get jones
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of berlin good to have you with us well 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 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 where we care and in europe investors are telling ride gloomy when the dax sliding further towards ten thousand points. well of those last days are just typical for what the business year of twenty eight hundred store 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 one
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receptor mirror if they charge us we charge them the same thing beijing reciprocated in what has become a tit for tat trade spat with the trump administration's ambitions for what it calls fair 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
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agreement on the terms of britain's exit from the e.u. have been on satisfactory. the union stance by this agreement intends to proceed to is a certification that is not open for fiction we wait for 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 i. know there. will be 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's 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 set to be the worst year for the index only financial crisis plunge in two thousand and eight was worse. the worst
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performers include travel and leisure construction auto and parts and banks the auto industry was a big bone of contention between washington and brussels the trumpet ministration once know a terrorist 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 the trade dispute there was the current sea 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 firm facebook suffered in the aftermath of the cambridge analytical scandal the
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revelation that millions of its users had their data harvested and used without their knowledge by cambridge analytical the work of cambridge and a letter is not equivalent to traditional marketing cambridge analytical specialized in just information 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 you know 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.
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and 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 with basically the rest of the world you have a downward spiral of the bags that negotiations you had to go so financial crises past the haunting the banking sector of today the fall of greece of tech giants dizzying volatility on the stock market what 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 let me get a little bit better today in this last trading day or leave markets close where you are in less than two hours. yes that's right at the two o'clock central european
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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 and i'll just describe 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 door to your 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 two years when there was also a party and people gladly how does lots of sparkling wine ok they'll probably be just happy to see this year end so let's look to the future doesn't look bright to
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nail well you know as you can see like i have a rather opaque a crystal ball with me if we could show it out 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 the international monetary fund for one reason oh there it is thank you very much 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 a lower global growth for twenty nine thousand 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 is quite a tall order of course and domestically speaking of course the u.s. is still battling with stone demons about the government shutdown. to continue into
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january as for brides it that's still pretty much in a holding pattern until of course january fourteenth a when the voter goes to parliament when parliament released that 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 archie london 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 but. only for 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
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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 that 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 leave us in frankfurt thank you so much and to send mail here in the studio thank you both. so in the us the partial 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 soup to the current government shutdown the owner of
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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. they hope that picking it up politicians into seeburg and it could sit over the ice 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 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. and l. we should take another look at a crystal ball maybe it's going to tell us something after all if i will work on.
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it's ninety nine hundred eighty s. in part. because life checks out this maze of football events. with the favorites and the long shots. and of course plenty of eggs which means.
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