tv Business Deutsche Welle October 23, 2019 11:15pm-11:31pm CEST
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don't forget you can get all the latest news and information around the clock on our website at d.w. dot com stick around javier will be back in just a minute or so. i'm secure in the volume or not hard and in the end it's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. new smugglers we're alliance and. what's your story ready. i'm with numbers of women especially of victims of violence. take part and send us your story we are trying in all ways to understand this new
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culture. not a visitor not a guest you want to become a citizen. in for migrants your platform for reliable information. coming up. boeing is losing altitude and its economic performance as a direct consequence of this $737.00 max the plane maker posts troubling quarterly profits as investigators in indonesia claim design flaws in the boeing jet for the deadly lion air crash. also on the program cheerless president promises wide ranging economic reforms to tackle inequality but the ongoing protests on the streets are not ending anytime soon. and you better love chocolate
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a lot if you want to buy one of these and indian company has just launched the world's most expensive chocolate. it's time for business on the w. i am how you got gas it's good to have you with us the catastrophic story of boeing's best selling aircraft the boeing 737 max is weighing on the company's performance profits took a nosedive a 50 percent to $1200000000.00 in the last quarter as announced today and the news comes at a time when investigators in indonesia told relatives of the $186.00 victims of the 1st 737 max crash that the incident of the lion air flight just over a year ago was caused by design flaws in the boeing jet. families of the victims of the lion it is us to travel to jakarta they were among the 1st to be told why the boeing 737 months went down last october killing all $189.00 people on board. indonesian investigators told them that the aircraft type included design flaws in
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its m cas anti stall system and that incorrect sensor data caused the system to fly the aircraft into the ground details of the victims' relatives struggle to grasp. the result is out. but what happened has happened we just accept but whether i'm satisfied with the report no i'm not satisfied. because it feels like they're bullying common people like us. you don't understand. the complete report on the crash will be published on thursday it's expected to reveal a further catalogue of deficiencies surrounding the new m cast system the u.s. plane maker is still struggling to cope with events recently emerged that the company's chief technical pilot had long ago complained about out of control software during 737 month simulated testing boeing only forwarded his comments last
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thursday in another development the company on tuesday ousted the chief of its crucial commercial airplanes division kevin mccallister sunday aircraft itself is still grounded worldwide that's causing airlines around $100000.00 per aircraft per day in losses money they won back from boeing the lion air crash combined with the loss of the new g.o.p. an airline 737 max which also killed everyone onboard make this the worst crisis in the company's history its effects will reverberate throughout the industry for years. and to talk about the financial effects i'm now joined by the ws financial correspondent on wall street yet scott is joining us right now yes it's good to see you again now boy has repeatedly said that the problems with the 737 max will be over soon does wall street really believe that well to a certain degree they do or maybe they do want to believe boeing at the beginning
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of trading here this stock could gain by 3 and a half percent by the end of the session we only saw an uptick of about one percent what is interesting is that boeing itself is quite certain that the planes are allowed to be back in the sky it was in the 4th quarter but all of the customer especially the big u.s. airlines they do not believe that their planes there will take off in the calendar year of $29000.00. let's talk about another story that is making headlines today facebook c.e.o. mark zuckerberg announcing he will delay the launch of facebook's cryptocurrency libra what's behind that decision you know the hearing actually when on for hours and hours and hours in washington d.c. and there is a lot of scrutiny from the political side but also some of the popular in companies for facebook go for the project have actually pulled out companies like pay
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pal visa or master card but let's listen in what mark zuckerberg had to say himself in front of a financial committee in d.c. today there are important risks that need to be addressed there are questions about financial stability fighting terrorism and more and i'm here today to discuss those risks and how we plan to address them but i also hope that we get a chance to talk about the risks of not innovating because while we debate these issues the rest of the world isn't waiting china is moving quickly to launch a similar idea in the coming months libor is going to be backed mostly by dollars and i believe that it will extend america's financial leadership around the world as well as well as our democratic values and oversight but if america doesn't innovate our financial leadership is not guaranteed. there well and mark zuckerberg actually also mentioned that he will not start to
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lead the approval of u.s. regulators and if you listen closely to their representatives during the hearing most of them seem to be quite critical not just about libra but maybe about crypto currency as in general because we also saw a lot of pressure on other crypto currencies on bitcoins for example those lost more than $600.00 in value here in the wednesday session bow down by more than 6 percent so a lot of political scrutiny and it seems pretty unlikely at this point that we will see you see a libra in action anytime soon call to breaking down a busy day on wall street for us thank you very much and after days of violent protests against inequality and chilean president sebastian pinera has finally given in in a televised speech been yet announced a set of what appear to be ambitious economic reforms to support or lower income
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families include a guaranteed minimum salary lower drug prices and fair elektra's city costs he also apologized for not recognizing the social discontent soon enough but that's precisely the problem for the people on the streets his reaction is too little too late. julian's are facing the consequences of the ongoing protests in their everyday lives santiago the capital city is already short on gas. they go short there's only one type of gasoline in this town that makes it more complicated than this at this i hope the situation will improve in the next few days. for some of the benefit but it's unlikely supermarkets are crowded forcing customers to wait in line just to get in. basic products are being rationed amidst the uncertainty. this is a look at that if we're stocking up on goods because we don't know what's going to
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happen every day rather than getting better this is them is getting worse we have to stock up because maybe things will go back to normal but we don't know we don't know because we don't have an answer from the government every day the president speaks up but it doesn't say anything that couldn't be not in favor of the. new reforms announced by president kenyatta included guaranteed minimum wage and fairer electricity costs but they've fallen short of protesters expectations. somalia feel they don't think they might make it over to the subway was burned because well that everything has to be burned everything has to be burned. indeed many may not agree with the way we're doing this but we've been marching for years and all the regions throughout chile and nobody listened to us no no no no no i thought she did a nano 2nd i. state workers have started a 2 day general strike from wednesday as further protests continue to rocks a bus 10 pm yet us government his response doesn't seem to be anywhere near
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bringing the country's street back to calm. and of course we'll be following the list of elements very closely right here to south africa now where parliament has approved a 4000000000 dollar bailout for a bad old power company eskom the measure comes just a week after the country was hit by another set of blackouts eskom is one of the biggest energy companies in the world but in recent times it's been crippled by a massive debt burden and outdated infrastructure the government says the latest funds must be used to pay off debt and not to finance operations. and before we go a story of for all those chocolate lovers out there well you better start saving the world's most expensive chocolates have just been launched in india company called i.t.c. ltd presented its for belle brand new truffle trio and has instantly broken the world record when it comes to costly sweets. to haitian vanilla beans
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piedmont hazelnuts and jamaican blue mountain coffee i just some of the high price ingredients featuring in these toke hurling lee expensive truffles $5.00 and a half 1000 euros per kilo they've now entered the guinness book of records as the most expensive truffles in the world something even that design a mission stand chef can teach ini wasn't expecting. maybe going to work on the trinity i didn't really know he's probably could become. the been beginning. with step by step which route. very very wonderful program and some very expensive product and. we want you to the best of sensation the best flavor there's even a concept behind them titled the net the creator and the destroyer the truffles the
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designed to represent the cycle of life it's not itc's 1st foray into high end chocolate making although known for less luxury as brands like sun feasting candy man it's the bell brand has been producing that should be chocolates for 3 years. i'm going. to look good but i certainly hope they're really worth it that's it for this edition of the w business but remember you can always stay up to date with the latest business headlines on our web site that's dot com and of course follow us on social media next time to get back.
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years after the fall of the berlin wall nov 9th d.w. . you may writes me down in history as you know i'm bitter twisted and. you made me in the very dirt but still night. did you want to see me broken out here. so let's follow my down on. me. so. there's definitely. come from a past rooted in. a blank ocean. in
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. plain. feel. this is news africa coming up in the next 15 minutes the fare returns to africa russia has its focus on the continent and the 1st is about russia africa summit is underway find out why the african leader is akeem on off an issue with law school. and cindy and balls to the cameroonian couple making it's been tossed books they say they're living the russian dream. to have cost a balance in the country's titus election it's.
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