a tough start to twenty nineteen for global stocks there are lots of reasons why we're just like to know if that's the way it'll stay off financial correspondent will be joining us from wall street. also coming up more pushback for china's belton road initiative bishes new silk road has some countries questioning its profitability due to the financial terms and prospective debt. and the buzz of snowmobiles may be a thing of the past but there is a problem with freezing batteries. this is your business update on home and home free in berlin glad you could join me for global stocks have had a wobbly start to twenty nineteen week data from china and fears its trade dispute with the u.s. will continue well into the new year have investors on edge just minutes into trading the dow fell one and a half percent later regaining losses but the volatility well traders experience that at the end of the year and it could be here to stay in europe germany's dax

only inched into positive territory as trading was coming to an end some asian stocks fell by as much as four percent. well let's go over to our financial correspondent now a u.n. score to firstly gains happy new year to you i hope you had a better start to twenty nineteen than the dow is worrying investors. yeah happy new year and at some point it looked like we might see the worst start to him into a new years since nineteen eighties three when two chips lost almost four hundred points in value and then was no obvious reason the market turned and ended even slightly to the upside so as i said we had no clear reason for this swing we saw technologists or shares financial stocks trading to the upside and we also saw a turnaround when it comes to the price of oil initially that dropped by two percent then again a good two percent and we also had oil stocks trading to the upside at the end of

the session this week in those markets dave said to be continuing a trend that we saw at the end of last year i mean is there any idea when we can expect a break well i mean those big swings are always a sign of great uncertainty and we do have a lot of areas where we still do not really know what is going to happen if we look at the trade dispute between china and the u.s. then there was some speculation that the federal reserve might actually pause increasing interest rates if they're in this a year of that's going to be true remains to be seen but those rumors kind of help to help the market here at the first it's trading session of the year then also there's a lot of talk of a possible cooling off economic growth globally and also in the united states so we really have to wait and see how those factors play out to get a better idea of what kind of the year twenty nine thousand will be there is old

saying on wall street as goes generally so goes the rest of the years of the first trading session of the year it gives us any outlook here then obviously we're in for a couple of more turbulent in the next couple of months absolutely a lot of factors that play into the mix our financial correspondent james quarter on wall street for us thank you very much tens. well shares were sent skidding out electric car make a test on the first day of trading forty eight percent for course liveries fell short of analyst expectations and of course tesla has been struggling to ramp up production of its model three which is crucial for its long term profitability and tess's decision to cut the prices of its vehicles by two thousand dollars did little to help the share price the company says it wants to help customers deal with the gradual phase out of federal tax credits for electric cars. now it's china's most prestigious infrastructure project which walking about the

belts and road and the shit if with nearly a trillion dollars in proposed chinese investment poised to build roads railways poor an oil pipelines from beijing but it will make a project was launched five years ago and it's attracted investors from all over the world including german companies all eager to get a sizeable piece of the action. the new silk road china's belt and road initiative as a source of wealth precious gems for pakistan faster processing of shipping containers in europe and cheaper energy in sri lanka everyone should benefit that's the promise delivered by the singers in this choir. chinese president xi jinping has been pushing the new silk road for the past five years more than one hundred projects have been completed along the route including

high speed rail ports for container ships and fiber optic connections for faster internet access. german industrial giant siemens sees the new silk road as a major opportunity siemens has recently put up a new office in beijing focused on the new trade groups it's headed by cuts to hospice he coordinates major transport projects in more than ten countries. you have different languages cultures and time zones so finding a common denominator takes some time. smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative yet still to put on and that's because gaining access to the chinese market is challenging due to a lack of transparency. and that. there's

a lot of uncertainty when it comes to the silk road project the process how to apply where to apply and which ministry is responsible for all of that some clear. and chinese companies are us an advantage they are state owned or receive government supports she success rests a loss on the new silk road he promotes the project as international summits german companies in china are also interested in the silk road what's unclear is just how much they'll benefit from this in the end. well tourism is a pillar of the indonesian economy but there are concerns about the state investing even more in the region hit by a tsunami on the twenty second of december it hit the coast without warning crushing one of the biggest beach hotels killing dozens of people on the location remains heavily exposed. this beach had been one of the highlights of indonesia's

push to draw more tourists the hotel that start here before the tsunami struck advertised its views of one of the world's most famous active volcanoes. the government did a study and it concluded that ten you could be made a top tourist destination because it was so close to crack a tour of. the volcano is in the middle of the sea and it's still expanding. into the shadow do you think that's why it became a major tourist draw. that volcano triggered the tsunami that killed more than four hundred people easily crushing the buildings of tanya liaison it's the top location on the government's tenue bali's program seeking to make other parts of indonesia just as popular as bali which attracts more than forty percent of indonesia's tourists every year but the hotel c.e.o. says the government needs to focus more on disaster preparedness. in the desert

after this disaster the government should construct more buildings that can survive strong waves like in along with break waters. so if there is a high wave it can be anticipated and its force can be minimized if the m.d.c. . indonesia's tourism minister brushed off concerns and says the town should be rebuilt within six months i think and we have been in. any places when in a nice you know what is important and the most important thing if we have to profile the mitigation plan. indonesia wants to increase its annual tourist from fourteen million. to more than twenty million with its investment push but without disaster ready infrastructure included many fear the funds could be quickly washed away. well one slate at a time electrics name of eels all making eco tourism in finnish lapland even clearer kane or rather the east it's all supposed to reduce the amount of fumes as

well as noise pollution in the great take out to. these winter tourists are exploring the arctic wilderness on what's claimed to be the world's first electric snowmobile safari over the course of two hours they travel twenty five kilometers through lapland snow covered forests on battery power alone. great going through countryside like this because it's pace for when you get to see things where before that's just the noise of the other ones with the you know would take anything lot of what wildlife are you not out of life and that sort of situation the east slate is the result of development work at the lapland university of applied science that started in twenty ten one of the biggest challenges was developing a battery system that retains a charge in the freezing temperatures engineers developed a liquid heating system that keeps the battery warm even at minus forty degrees. but there are drawbacks the eastlands are three times the price of

a regular gasoline powered snowmobile and that's not all. the biggest the issue is the rains at the moment we're going to ride forty kilometers the seas let's show you really need so plan the route before before you go to the deep down to the forest because you don't you don't want to go forty kilometers to the forest and then you don't have better enough to get by all the research continues he even as the current models are being assembled in revenue me the capital of finnish lapland tourism is just one potential market for the east lead developer another is climate scientists working in the arctic who don't want pollution to interfere with their measurements and there's room for growth one company that got its start building a snow builds in the one nine hundred thirty s. is now one of the biggest transportation manufacturers in the world canada's bond. that's it europe today with the latest from the wall of business i'm going to hold

free in berlin i'll be back tomorrow same time should same place see you that.

is going to. help my manager through the day nothing would change you know the banks pay no mind and so watch the language of a bank the money. speaking the truth global news that matters w. for minds. a muse almost to the one simple. changes outline is time to pull the side bottom. layer people have put big dreams on the big story. the be the movie magazine on the w. indeed i'm not laughing at the gym i just sometimes i am but i stand up and whimper that piece of germans digs deep into the german culture looking at the stereotypes

clad spaniards thinks he's a country guy not playing. piano mute it seems ridiculous grandma down to you it's all that they knew i might show join me to meet the germans on the w. . post. hi and welcome back to sara's music today we're at the boulez sol in berlin i really like this hole because it has a fantastic acoustic and also the interior can be adapted to suit the needs of the music being played there today the whole this is.