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and how to stamp. my name is dr house in the can i talk to medical experts. watch them at work. and then discuss what you can do to improve your health. state use and let's call and try to stay in good shape. the t w. more market volatility in the u.s. wall street indexes. after positive retail figures take the edge off a steady stream of bad news so as the global recession called off not quite. and is the farm coming to the big city we'll take you to a growing operation in the big apple. this is your business report. i'm stephen

beers in berlin thanks for joining us another day on wall street another volatile session markets ultimately ending in positive territory today after solid u.s. retail numbers suggest that american consumption remains strong and that followed the worst day of the year for stocks with both the dow and nasdaq losing 3 percent wednesday on new recession worries the ups and downs of the markets are not going unnoticed u.s. government is now trying to call investor jitters. here on wall street traders cheered retail giant wal-mart strong quarterly earnings the figures columns nerves on the floor they show us consumer demand is strong despite the trade war with china the trumpet ministration lost no time issuing the statement assuring that the u.s. economy is healthy. i think on the economy. weak right now i think you are in a in the in a very comfortable environment in which we have 3.7 percent unemployment the lowest

it's been 50 years we have. record on a low unemployment for african-americans record low for his benefit americans real disposable income in the last 24 months for households increase i $1000.00 the consumer in america is strong in europe however stocks were down following the previous days wall street losses here investors were also reacting to bad figures from europe's economic powerhouse germany g.d.p. they're contracted 0 point one percent in the 2nd quarter the r word is now doing the rounds recession many fear the export oriented german economy is being dragged down by the on the go into u.s. china trade war right now beijing is sending mixed signals it says it remains open to negotiations with the u.s. on the other hand the chinese have threatened to retaliate if washington goes ahead with its plans to terrify eggs on september 1st. and let's go now to our financial

correspondent in new york jose luis jose i think we've been talking about wall street ups and downs this whole week if not this whole month today the numbers are up is it fair to say however that the overwhelming feeling is still one of an ease . totally is stephen and that is not going away anytime soon since and nothing has have fundamentally changed in terms of downside risk to you as a consumers brought some calm to investors as they kept spending in full force small retail sales as you mentioned increased at 710 percent in july so far implies . bringing in consumption down wal-mart earnings also brought some fresh air to be good as a retailer worldwide increase even if it's a 4 year sales outlook that said tensions are still very much alive threatening to . us earnings outlook for us

a company using the 2nd half of this year is it being reviewed down not only worries about day ongoing trade war and global economic growth are taking a toll on margins but also a tight labor market commodity calls on of course a stronger u.s. dollar and as they want to take a look at another story heading markets that's not related to any of those factors g.e. stocks suffering a major blow today after an accounting expert said the american firm has concealed major financial losses and g.e. shares tumbled more than 11 percent the company's c.e.o. denied the accusations and noted that the report was bankrolled by a hedge fund which stood to gain from losses in g.e. shares of the author of that report harry markopoulos is known on wall street for under covering the multibillion dollar ponzi scheme run by disgraced financier bernie made off a name that you may be familiar with so markets taking this accusation very seriously despite the fact that the person behind it could profit from g.'s losses

what's going on. whoa as you mention an accounting expert who rates concerns about bernie made over ponzi scheme back in the day it's now comparing g.e. accounting practices said to andrew in ones and their losses to $38000000000.00 less. and all don't forget that and loss one if not the biggest corporate fraud in history and according to to his analysis g.e. is heading to insolvency and has been changing its financial statement reporting for months every years every few years to make it impossible to compare the numbers but even if the company has denied these allegations these are report as you mentioned he's in good working for short sellers it is also true that both security secured its exchange commission and the u.s. the justice department are already investigating 4 potential accounting issues related to it seems were and holdings on problems. and enron like bernie made off

both both loaded terms well known figures in financial history in the us because they lose the heart of their force in new york thank you. let's now look at some of the other global business stories making news. european banking stocks fell on expectations that the european central bank will lower borrowing rates in the coming weeks germany's leading banks deutsche bank and comments by slid to record lows germany's number one and 2 lenders have struggled to recover since the financial crisis. boeing is postponing the delivery date for the ultra long haul version of its 777 x. model the airliner series has reportedly faced engine problems during development boeing of course is still reeling from the grounding of its 737 max aircraft following 2 crashes. gibraltar on thursday allowed a detained iranian super tanker to leave the british overseas territory a move that could help defuse tensions between london and tehran those tensions are

part of increasing friction between iran and the west over economic sanctions and those sanctions are taking a major toll on iranian business owners and consumers take a look. from the iranian port city of pounder a whole line of tankers can be seen transiting the strait of hormuz they come from the entire region kuwait bahrain and the united arab emirates supplying the whole world with oil container ships are also in transit many dock in iran bringing important goods to the sanctions stricken country ship owner and trader abdullah sufferer he has just arrived from dubai with a consignment of refrigerators. it's becoming increasingly hard for him to trade with other countries. or used to wait for one or 2 hours for permission to dock in dubai now i can wait one to 2 weeks and see wondering if they let me in or not because of the u.s. sanctions i've got chinese traders you know insist on cash payment from iranians

like myself we can't make bank transfers because of the sanctions. every day life is becoming really difficult in iran foreign products scarce even medical technology and pharmaceuticals which bombs targeted by the sanctions. the world's population is growing in case you haven't heard in fact by 2052 thirds of the world's population is expected to live in urban areas with food shortages possibility could urban farming e.d.'s are. tending to your crops with the statue of liberty looming in the distance. this is the setting of new york's largest urban farm the idea behind the project is to deliver vegetables directly from the rooftop to the place this is 140000 square feet and it's our largest farm so far it's our 3rd farm that we've done in about 10 years. the

farm grows $36.00 tons of vegetables every year the project is sold to restaurants and farmers' markets there are no synthetic fertilizers in use here the soil is a mixture of compost and lightweight stone which makes it efficient up sorting water. huge point of surface area across our city is the impermeable roof surfaces so when the water hits that it goes straight into the system so we can slow it down and absorb millions and millions of gallons on spaces like this urban farming is a growing trend in every sense in the future rooftop gardens could be a common stice in cities around the world. the european soccer season is getting underway the con its biggest leagues and clubs from top german sides to barcelona clubs like ajax amsterdam or celtic glasgow all share common grown literally.

perfect soccer pitches don't grow over nice this one took about a year to cultivate. here on the german dutch border with it sandy soil close to ground water level the conditions are ideal. the pitch needs to be tended to almost daily. the strips will be mown some 100 times before harvesting they also get water 10 to 12 times by then and there have been fertilize 6 or 7 times along with other measures like combing detaching and vacuuming. the grass needs more water in hot summers it's 30 degrees here today so the turf needs to be harvested and dispatched rapidly as a living organism it won't last too long wrapped in plastic in the back of.

the doors it is a. main stress for the turf it can generate enormous he's itself when it's rolled up like this can reach temperatures of over 60 or 70 degrees and that can ruin it all. this time everything has gone smoothly and the turf arrives in cologne stadium in good shape. the fit takes only a day to lay the new pitch in cologne then its mode air and water it ready for its 1st pounding. and that's it for me in the business scene you can find out more about these and other stories online. business. let's watch.

the conflicts fronting the powerful. my guest this week here. minister qatari foreign ministry spokesperson. qatar the last 2 years the gulf states of qatar has been blockaded by a cortex of the arab states which accuses of supporting terrorism she has always denied the charges. conflicts so for in 60 minutes.

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a season high pitched so crass as a chance to make such an event was right around the corner the german bundesliga is heating up and as always we're there to keep you updated with the latest on kickoff . to mislead the sun starting over 16 feet of. this is data is africa coming up in the next 15 minutes the shops closed for business in south africa mobs have been underground which could be chance but township of soweto. losing kilos owned by foreign nationals the government pays its home soon and has urged communities to refrain from the criminal activity. and the most of the victims of mali's conflict will hear from the children born to buy nightmares off the fighting. then is kenya on track to ridding its

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