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tv   Business  Deutsche Welle  July 10, 2019 11:15pm-11:31pm CEST

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in fighting climate change and improving european defense cooperation. you're watching the news up next d.w. business with janell's stick around i'm sure she would like to come to. earth. home. of species. more so if you can. get those are big changes and most start with small steps we. do is tell stories of could induce people and innovative projects around the world . to use the term such loosest drainage solutions and resource rich.
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interactive content teaching the next generation of the detection. mums and channels available to people to catch up and more determined to build something here for the next generation. the environment series of global 3000. cross-currents weighing on the economy that's how federal reserve chief powell described the state of affairs and the strongest signal yet at the world's most powerful central bank could cut rates this month. the end of the road for the foxconn beetle as the very last edition rolls off an assembly line in mexico. and monaco because of the 1st european country to be covered by super fast 5 g. . courtesy of a controversial chinese firm walk away. this is the w.
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business i'm in berlin federal reserve chairman jerome powell has boosted expectations for the 1st u.s. interest rate cut in a decade to be implemented later this month in testimony to congress power pointed to a broad global weakness clouding the u.s. economic outlook amid uncertainty about the fallout from trump's trade conflict with china and other nations president donald trump has been pushing paul to cut rates and has repeatedly said he has the power to fire the fed chair if he doesn't comply. our financial correspondent joins us now from new york to tell us and how did the comments go down on wall street. new records simple as that for the very 1st time ever the s. and p.
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500 crossed the crucial 3000 point mark at least during trading and there was one word that jerome polled stressed again and again and again and that was the word uncertainty uncertainty about trades uncertainty about global growth and this is pretty unusual that a fed chair stresses so much external factors that are not actually under the influence of the federal reserve or even of the u.s. administration when it comes to global growth growth but there is no 2nd guessing your old wall street that we will see a rate cut by the end of the month even if it might be smaller than some investors on wall street had expected though of course we've been seeing a lot of pressure from the white house on powell and he's been putting up a show of defiance shall we say saying that he can't be made to step down on the other hand it looks like trump might get what he wants from powell in the form of a rate cut what do you think this means for the fed's independence. it is not
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unprecedented that a president or end up in a straight tries to put some pressure on the federal reserve but it is pretty unique how directly and how often and sharp u.s. president donald trump tries to put pressure on the federal reserve if they're gearing to get impressed by that is out for debate but we also shouldn't forget the federal reserve is not a one man or woman shoulders is a committee that makes the decisions but we also got the fed minutes here on wednesday and they showed that a couple of fed members already in june were kind of playing around with the idea of cutting rates already in june but it's really tough to tell if the fed members get influenced by the u.s. president or not but either way it looks like even as we are right in the middle of the longest economic expansion in the history of the united states we still got it
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or will probably get the rate cut by the end of the month and as we've seen in the past usually one rate cut doesn't come alone so once the federal reserve starts cutting rates there might be more cuts to follow thank you normal for me and quite a there on wall street thank you very much. staying with donald trump he said to order an investigation to into france's planned tax on technology companies potentially opening the door to new tariffs or other trade restrictions from washington french finance minister bruno lemaire said in march that a 3 percent tax on the french revenue of some 30 large internet companies could yield as much as half a 1000000000 euros a year the companies are mostly american but also chinese german spanish and british. u.s. billionaire a rapper jay z. is entering the fast growing cannabis industry the musician is partnering up with california based pot firm he will act as the chief brand strategist for the murray
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want a company which runs a cultivation facility and a retail store j.v. is just the latest high flying u.s. laboratory to go into the pot business rapper snoop dog owns his own cannabis brand called by stew and oscar winning actress goldberg launched a line of mary one of products and 2016 to provide relief from menstrual cramps. from a car that was created with the help of hitler and nazi germany the 4th beatle has undergone decades of rehab taishan to become the much loved pop culture symbol it is today after more than 70 years in production however fox has turned out the final model of its iconic beatle from its mexican factory and. dozens of mexican factory workers put the finishing touches on the last of the bug shaped saddam's kind a limited run of 65 models. might well be germany's most iconic.
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production started in 1938. almost 22000000 v.w. beetles rolled off assembly lines all over the world. including here in mexico. the last mexican made classic beatle may have hit the road 16 years ago but the vote shows as they are living it called remain popular to this day. but it's built for the hills in the woods don't get uphill and the old ones can climb any hill without a problem people trust them with them we can take customers safely to their destination because that's why the virtual is so popular here the newer version of the beetle never gained the popularity of older models but they still have their fans. too so you've got covered over here i have gone out on the road honestly the car has responded very well i like anything it needs to ding and adjustments but the car
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has turned out to be very good news so you. know the roadsters long ride is finally coming to an end as the last of the new model beatles rolls off the same production line where the last classic beetle was made. for some time now europe has been under pressure from the us to ban the chinese tech supplier wall way from building its next generation 5 g. mobile networks it's a campaign that hasn't been entirely successful the tiny principle principality of monaco has become the 1st european country with full 5 g. coverage made exclusively with while we gear. nearly one in 3 residents in the southern city states on the french riviera as a millionaire and the rich demand fast internet with super fast wireless access fi g. mobile networks offer a much greater danger transfer speeds. monaco telecom signed to deal with while way
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last september to make it the 1st european country fully covered by 5 g. . officials attending the launch hailed its technological prowess he spoke to more data you carried more efficient your network needs to be in 5 g. is revolutionizing the network univer. because it needs less electrical and radio electrical power i can carry a lot more data. a firefighter said 5 g. would make emergency services more efficient. sensors will allow us to guide firefighters so they can reach a disaster location faster these sensors will tell us about a temperature rise or visibility dip so we can reach a location faster than she does eat it. is monaco telecoms biggest supplier vice president gore paying said the monaco role that would help showcase while ways tech despite its small size but europe is struggling over while way washington believes while way is linked to the chinese military and
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has raised espionage concerns the u.s. has lobbied its close allies to reject huawei. ordinary consumers though like 5 g. speeds and many european governments including germany have defied washington and will use walk away at least in part it's not just monaco's tycoons who want speedy networks. in dublin hundreds of irish b. farmers have demonstrated against a trade deal that they fear will gut their industry that you markus our trade pact approved a 2 weeks ago forms a total market of 780000000 consumers but ireland's farmers say competition from south american imports will kill off their livelihoods. virus farmers turned out on mess outside parliament to put the boot in they fear that the e.u. mercosur a deal will destroy their industry. the big problem we have as farmers is to double speak what indeed we do. they have restrictions on farmers environmental
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restrictions on farmers all around europe how we have to farm in an environmental way. and then suddenly they will do a deal with a country that absolutely floats stuff. part of the deal involves opening e.u. markets 299000 tons of south american beef every year. if you're not have to take this step days i think are talking about bringing down the price of beef by flooding the market for cheap markets like reading what you got in ireland and other european countries like france farmers are the predominant voice against the you meccas who are agreement in particular its controversial agricultural quotas however brussels says the pact with the south american bloc will save european companies over $4000000000.00 euros in tariffs every year. a barbie girl in a barbie world isn't what it used to be a manufacturer mattel is hoping to encourage more girls to expand their horizons
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and consider careers in the space industry so they created a new doll that looks like astronaut. christopher reddy the 42 year old was the 1st italian woman in space to this end but tell cooperated with the european space agency the partnership is part of barbie's ongoing dream gap project which is aimed at challenging young girls beliefs about their possible futures. i have and that's it from the ad the d.w. business plan for more check out our website flash business or a social media i'm joined all the milan in berlin thanks for watching.
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searching for identity and recognition. turkish citizens with african roots. their forebears were brought to the ottoman empire as slaves. even today their descendants are treated like outsiders. know they're demanding change. to 16 or so.
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with him how to be going to do goes so goes well beyond. you know if i had known that the boat would be that small i never would have gone on a trip to i would not have put myself and my parents in the danger to the bottom of the theme of the going to give us leave would. one funky deposit on the global fund to give them i have serious problems on a personal level and i was unable to live there but the ones i'm going to. do want to know their story for migrants terrified and reliable information for more grants. early the global tourist guide from in germany is booming capital i love berlin discover the multicultural metropolis you know we're duramax series defend them on benefits night lights are simply mean and i love these even once sure it was a certain look like
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a cult so it's like meet the sights as the 50 nations 50 story. and 53 personal tips on berlin's very best features of the. book now the lead every week on d w. this is d w news africa coming up on the program the story of a young kenyan who was recruited by al-shabaab ts kate and is now helping to make his country safe up. the dream lives on madagascar hospital gripped by football fever that's not small team the past for the quarter final stage of the african cup of nations found c.v.r. team success has made life better.

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