tv Business Deutsche Welle April 9, 2019 1:30am-1:46am CEST
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on the. baker john's trips this particular guy did the moves by the. recipe for success strategy that makes a difference. baking bread on. a downgrade sounds of boeing stock into sharp decline and it drags wall street down with it. also on the show fighting in libya drives up the price of oil as investors that worry about supply disruption. and a code of conduct for a brave new world in europe make systems ethical. welcome to d.w. business i'm john album alone in berlin thanks for joining us
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a mixed finish to wall street as investors wait on hundreds of corporate earnings reports a jew later this week but one of the day's big losers was boeing its stock dropped by more than four percent over friday's announcement that it would cut production of its seven three seven max aircraft several analysts are predicting lower profits amid continued fallout from the two recent fatal plane crashes are saying reputational damage as well as the max's ability to sell it could eat into market share in the long term. joining us now is our financial correspondent yan's quarter and wall street hello good to see you so we have an unfortunate mix here of a downgrade production cuts of the prospect of financial liability for those two fatal crashes is that there is a way out for boeing. at the moment there are not really that many good news surrounding boeing and looks like it will take much longer to actually deal with
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the issues was the seven three seven eight planes and that is not just true for boeing would show lost by the way about four and a half percent in value here on monday that alone cost the dell jones industrial average about one hundred nineteen point so without boeing actually we would have finished the day to the upside but we also hear from more and more airlines american for example saying that it will take much longer to actually get the planes going they're talking about ninety cancellations per day we also got a downgrade for southwest airlines also. facing some trouble and we also saw stock prices of those decreasing here at the beginning of the week a gloomy day for the aviation sector but stay right where you are again why your input on the next story and that's because fear at chrysler is teaming up with
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electric car maker tesla not to work on more electric vehicles but to comply with the european union emissions rules starting next year the e.u. will impose an average fleet limit of ninety five grams of carbon dioxide per kilometer analysts warned last week that he had chrysler was the automaker with the highest risk of missing the target but the rules allow car makers to join forces sophia chrysler will count zero emissions test the cars as part of their own fleet bring that average below the limit. now yes i have to say this is slightly a jarring because often touted his vision of a carbon free future is a healthy other car makers watered down their own emissions figures really the way ficker were really the way forward. well if you look at tesla you have to consider that this company is so face she is facing a huge debt load and we do not have any of the numbers yet but some wall street
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analysts are expecting that tesla could get about five hundred million dollars from chrysler for that deal so that is money that certainly can they use and then it is a controversial topic we do have emission trading if you look at the big industrial corporations especially in europe so that's the big debate effectually companies with those higher costs and so it is not that it does not come to a price for fear of chrysler these are sold that. it was facing this higher cost that companies actually might consider to produce less emissions so it's a it's a tricky and very controversial topic at this point but if you look at chrysler and ford tesla at least business wise that seems to be a win win situation a balancing act for him at chrysler and tesla thank you very much and carter on wall street and it's all eyes on libya as the continued
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unrest threatens to reduce oil output on the world market the threat of supply disruption send the price of oil climbing to five month highs the prospect of protracted conflict has investors place bracing for more price swings. the fighting in libya sending shock waves far beyond the capital of tripoli and it could soon have an impact on global energy supplies as well. libyan oil fields like this one produce around a million barrels of oil a day. and the renewed fighting is threatening to disrupt output. for opec members at least that's good news the organization of petroleum producing countries scaled back production at the end of last year in an attempt to raise oil prices and so far it's worked well prices have rallied by around thirty percent since the beginning of the year we do want to stabilize the markets and keep them stable i
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think we're getting to a stage where i'm going to orders are starting to stabilize and come down but they've still significantly above what i would consider normal levels. however the block is being tight lipped about any plans to expand output after its next meeting in june if the fight for trip really impacts libya's oil production that's likely to drive up prices a temptation for oil producing countries to open the thames that's because current prices of around seventy dollars a barrel remain below the level many member nations need to turn a profit. shares in general electric sunk by nearly six percent today after j.p. morgan downgraded the company's stock but on what came as regulators find the u.s. . fifty two million euros for filing a misleading application to take over denmark's wind power turbine company authorities and brussels eventually approved the merger after g.e. revised its application to. the european commission has unveiled
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ethics guidelines for artificial intelligence including for example an taining human oversight for ai or ensuring the algorithms are biased these guidelines for so-called human centric a.r.e are to be piloted from member states where the central question being can ai really be made accountable. artificial intelligence offers great potential for work mobility and medicine using thousands of x. ray images researchers at stanford university have trained their own homegrown ai to conduct diagnoses or you have to do is photograph and upload an x. ray and wait a couple of seconds for the result. and this is a possibly cancerous lesion. right over her. ai controls through even apparently on remarkable data like how
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a body moves while walking algorithms can use such data to recognize potential signs of conditions like parkinson's signs a doctor could easily miss but caution is advised. much of what we see might be great but it throws up ethical questions which need to be answered alongside the developments we make and we don't want to situation where we are very ethical that fail to progress nor should we just freely develop things and ignore the ethical side. take google's intelligent microphones for example google itself warns in some detail what can be derived from household sounds like the length of time we spend brushing our teeth or whether we argue or if someone in the household is sick who. is to take over the world. to direct our thoughts between person and person or communication motivational intelligence grants huge
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power to silicon valley's tech companies germany's justice minister wants data monopolies to be broken up as a sling and that's how this can we must adapt antitrust law to the needs of the modern age for example facebook's takeover of whatsapp should have been prevented by antitrust law because it was completely clear what it would lead to namely a massive concentration of data being collected. and consent. there's no avoiding it the ai revolution is coming the question is can ethics keep step with progress shareholders have kicked carlos colon off the board of nissan that's the company that he was once credited with saving but charges of financial base conduct have dogged the goal making the japanese carmaker eager to sever ties with him. and shareholders arrive to decide the fate of carlos going at a meeting that began with an apology. behalf of the company allow me to express my
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sincere regret for any concern the recent events may have caused. the rotor sika urged investors to trust the board and dismiss carrasco. the final decision on the criminal charges will be left to the judicial system. however the two asses of the issue is removal on the grounds of breach of copyright ethics even one instance of this misconduct would lead to a dismissal of any executive or employee you know just we've always for the rest last week going again denied the charges against him saying they're part of a conspiracy within this hour to discredit him and his plans for the company nevertheless shareholders did is they were told and approved his removal as the comic his chair on the floor it's really such a pity he was a brilliant executive i guess he became complacent as he was being praised so much
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. for the procedures are very hard this is so disappointing but when he came forward with his survival plan not just me but about twenty thousand employees across the world were fired because we now see you have so much money to spare and squander i feel there was no need for him to fire as i really don't get it. and that's it for me and the d.w. business team for more business news and features you can always go to our website d.w. dot com slash business thank you so much for watching. if
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don't move this soon to be nice to be cool. discover the. place. subscribe to the documentary on. a city in ruins morocco a. symbol of a long conflict in the philippines. between the muslims and the christian population last. structures occupied the city center in two thousand and seven team president to church's response was. different will never again look over. the reconquest turned into tragedy this is
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not the kind of freedom that we want. how did morality become a gateway to islamist terror. an exclusive report from a destroyed city. in the sights of bias starts april eleventh on t.w. . hello and welcome to news from arts and culture renowned russian director kiffin said about any cough was released from a controversial house arrest by a moscow court on monday we'll look at how the news is being received in the theater community also coming up. i tip for bookworms with our series one hundred german mustering this time with a disturbing powerful novel by austrian author and. and
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a feast for the taste buds for the eyes and ears a musical dinner in france is the latest in general bending performance ours. well as a leading figure of the guard in russia set up a brand called has made his name directing plays in films that challenge the status quo he's critical of everything social norms the church and of course the kremlin but i made a lot of enemies and in two thousand and seventeen he was put under house arrest supporters said it was an attempt to gag a critical voice that said it but any cough continue to work against all odds. rendition of vanities classic which premie i did this past march it was directed by karylle said he called from a distance using u.s.b. sticks to exchange information a slave course laments their lost time.
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