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tv   Business  Deutsche Welle  August 8, 2019 1:30am-1:46am CEST

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could go wrong then let's face it that's probably going to be the biggest mistake in human history. artificial intelligence is now spreading through our society. look experts be able to agree on ethical guidelines or will this technology create deadly new or thomas weapons systems. couriers collapse starts aug 14th on d. w. . a global spillover from the u.s. china tariff dispute investors saved better safe than sorry sticking to gold the boss says central banks and now on surprise for a cause. but you don't have to take our word for it our financial correspondent takes the pulse of the markets with one of wall street's leading traders and financial advisers silver bear capitols director of floor trading alan valdes.
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and shipping she's in the summer heat at top speed to meet demand in more of africa where prices are surging prior to the holiday. this is d.w. business i'm joined on in berlin welcome it may be called the u.s. china trade war but it could be the world economy loses out fears of a steadily dimming outlook as investors dumping stocks and running for safe haven. india the country where gold prices have soared to an all time high it was one of 3 countries to take markets by surprise on wednesday the indian central bank cut its benchmark rate by 35 basis points more than analysts expected. but india wasn't the only surprise for investors thailand central bank unexpectedly lowered rates for the 1st time in 4 years and the reserve bank of new zealand cut the
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benchmark rate by 50 basis points to one percent the lowest level ever this series of rate cut decisions could be a sign the u.s. china trade war is taking its toll and central bankers are trying their best to avert recessions cutting interest rates makes money cheaper to borrow and that generally boost spending where economic activity may be stoli. some analysts say it may be too early to cut rates despite the global economic slowdown as it leaves central banks with fewer instruments to spur expansion if economies do take a downturn. but just how rattled are the markets our financial correspondent yan's cortez folk to silver bear capitals director floor trading. it only seems to be one topic for the past month i would say trade between china and the u.s. so how concerned are you overall you know your 100 percent right and that's been moving the markets whether it's tweets from china tweets from our president the
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white house it's been moving this market at superspeed and you know at 1st when we 1st got involved in this trade war i thought i know a lot of people thought ok be over a month maybe 3 months most now we're going on over a year it is very concerning but it's amazing it really hasn't affected the u.s. economy which has been so strong i mean inflation stays consistently low i thought it come up a little it hasn't consumer spending still robust unemployment still strong. i mean overall the economy so acting very well do you believe that the deal between the 2 biggest economies on the planet is still possible it's good and hard hard but yeah i do think it's possible and i think we saw it this week the chinese basically said they're not going to get any more agricultural products but we're the only one that really can supply mass supplies of soybeans argentina can't but not on the on the
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level that we can so it takes $52.00 days from the farmland where they store soybeans to get to beijing by ship if they keep that up they're going to go into winter without any soybeans and that's a staple for them so i think you may see movement in this trade war sooner rather than later do you have a certain sympathy for the overall harsh course for u.s. president donald trump when it comes to trade with china when you know at 1st you think ok he's taking a really hard stance and the chinese have taken advantage of the u.s. economy and the u.s. taxpayer for years we think it's the right thing but on it i personally believe you could be a little more flexible and get things done and get things moving at least and i think his tweets harm torques i really do i wish he wouldn't be so bombastic out there with some of the things he says but that's the way this man is you also do quite some business was china so what do you hear from over there from your partners yeah i mean i work actually for a company have
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a china and hong kong and they feel that china's taking a hard policy and they should break because they're seeing ramifications in their economy more than we are i mean it's definitely slowing down it's more unemployment and we're seeing unrest there not reporting it because the communist country but we are seeing more unrest going on in china we're seeing in hong kong our high level but it's a start to get out of hand there so that's another reason i do think we'll see some kind of movement one way or another i don't think everyone will get what they want . they'll have enough so both sides will say ok we won just to save face maybe briefly do you believe that the u.s. economy is strong enough to actually handle all those negative effects of the trade tensions not for long i mean we are strong of now but i think coming into the next earnings season you will see hit earnings remember we just came off in our in season where things were good i mean 75 percent of all companies that reported beat profit line so things are still good what earnings and that's the bottom line but i
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do think you'll see things slow down going into the holiday season if this isn't taking care thank you so much for your time thanks for having me really. the new british foreign minister dominic rob said there's a huge appetite for opposed to bribes a trade deal between the u.k. and the u.s. after meeting with u.s. president donald trump robb is on a 3 day visit to north america. campaigners say leaving the european union will allow britain to sign its own by lateral trade deals with other countries the e.u. is the u.k.'s biggest trading partner. courier service fed ex is ending its deal for ground deliveries with e-commerce giant amazon fed ex is allowing its contract with the online retailer to expire at the end of the month amazon is building its own cargo hold in kentucky analysts say the tech giant could be planning to build its own delivery service making it
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a potential competitor to fed ex fed ex says amazon only accounted for a little over one percent of its revenue. venezuela has accused the u.s. of economic terrorism and of trying to torpedo peace talks after the trump administration ordered a freeze on the country's u.s. based assets under the sweeping measures any foreign entity doing business with the government of venezuela could face u.s. sanctions. in caracas the chemo to fighting against the toughest sanctions on least in more than 3 decades the dysplasia written on their faces. a great property in the united states with citgo it was stolen our buildings and diplomatic headquarters thousands of citgo gas stations all stolen our accounts at citibank bank of america to pay our commitments our diplomats all stolen teves thieves that 1000 times the. there have been fears sit a u.s.
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based subsidiary of the venezuelan state oil arm could be targeted to pay off state its opposition leader one who i do say however that the u.s. measures to protect sicko and target the government. this is not against venezuela it's against the regime and those who do business at the expense of the hunger but has whalen's in this event. that's a meeting of countries aligned against nicolas maduro the u.s. made clear it will target foreign entities who dare to work with his government stop short of banning private sector business links. for any international corporation for their u.s. european wherever they may be to the boards of directors and shareholders they ought to be asking their management if it's worth risking for a trickle of income from the illegitimately dural government if it's worth risking
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their business in the united states. in caracas little sense the news will break the deadlock. and what trump wants is to cripple us so we start going out to kill each other but this won't happen because people already know what he's like. as a kid the government will be affected because they'll have less political support than they would otherwise have had with their cronies and. there are provisions to a life for much needed food medicine and clothing aid to reach venezuela humanitarian crisis but analysts say the latest gambit will effectively make this socialist state radio want to have to outsiders exactly what the u.s. wants as it turns the screws on nicolas maduro. as the muslims prepare for the festival of sacrifice. there are 2 developments people are bleating about
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romania is shipping thousands of sheep to libya under the burning sun despite a warning from the e.u. activists label the vessels that ships and in some countries speculators are reportedly driving livestock prices up as the festival near. as muslims around the world countdown to the start of. on sunday algeria is preparing for the slaughter of 3 and a half 1000000 shapes and goats prices here and across north africa are surging with demand. flock this year is thanks to all in good condition prices are up to 60000 diener. some blame speculators for the soaring prices others say that prices have gone up because of costs at the official slaughter houses and enforcement of animal welfare standards. this year the herd is in better condition compared to last year where sheep are all
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vaccinated and under strict veterinary supervision everybody has the animal safety it requires rigorous efforts. but some countries in the region can't meet the demand under the burning sun in a romanian black sea port the 50 year old lady maria stands ready for thousands of sheep with a one way passage to libya despite a warning from the e.u. remaining it continues to export live animals during the height of summer 4 years ago thousands of sheep on a ship sailing from here died from heat and thirst animal rights activists say the trade is not strongly enough policed. and that's your business news thank you for watching.
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this world cup. america. cup and the africa cup of nations this season i think some ranks stomachs and some into this morning the morning the german bundesliga is heating up and as always we are there to keep you updated with the latest on the from. the misleaders such shock over 16.
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if you ever have to cover of a murder the best way is to make the accidents raring to me. now rather like that somehow. missed the. streets. it's time to take stock. and face it's. time to just such the other half and fight for the truth. time to overcome pal trends and canasta. it's time for. a new debit is coming up ahead. finds. a
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quiet melody resounds among the weight of the mood. and. resonate within its soul. the mind and the music. tovan 1st 12019 from september 6th to september 29th. common. hello and welcome to arts and culture we'll be in western ukraine at a very special concert remembering the famous jewish author your their fault also coming up. a top fashion photographer who says beauty doesn't interest that's the 7 time of australia. and has the relationship between the gems on america
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during nowadays we'll find out in many of us. if. the ukrainian conductor. is definitely want to watch in the classical music scene she's receiving accolades from musicians and critics alike and this in a profession that is still predominantly male apart from being in great demand around the world she started a festival in western ukraine and this year is opened with a special concert to remember the jewish population who were decimated in the 2nd world war. the cottage symphony by leonard bernstein based on the jewish prayer of mourning. this year the eve mozart festival opened in the town of brody population $24000.00 . staged $200.00 artists from ukraine and around the globe it's
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a sight the town of brody has never before seen and it's difficult 1000 year history.

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