they will not succeed in dividing us not succeed in taking the people off the streets because we're tired of dictatorship. taking a stand global news that matters d. w. made for mines. chooses berlin for its new european gigafactory c.e.o. says german engineering is the main reason it's a breath of fresh life for an east german region next to the capital. but also on the program markets listen in as the u.s. federal reserve chair speaks before the u.s. congress with few surprises for path where interest rates in the u.s. will remain unchanged. and for key problems in china we'll take

a look at how the african swine flu has impacted the world's biggest consumer of pork products. business and how you know it's good to have you with us it's an announcement that took germany by surprise the country is set to become home to tesla's next factory in the outskirts of berlin c.e.o. elon musk made the announcement claiming he chose germany because of the country's reputation as an engineering giant he lived to say people here are excited i mean intense competition over which region would get to host the premium carmakers facilities and add thousands of jobs. setting couldn't have been more apt clutching his award for the tesla 3. dropped his bombshell. here we've decided to put. the gigafactory europe. his announcement left even the present a lost for words. what's your biggest factor is the word and

a man serious the 1st european tesla plant is expected to create at least 7000 jobs a peek into what the future may hold can be had close to shanghai where tesla is least enough land to encompass $120.00 soccer pitches the shanghai plant is expected to turn out $500000.00 cars a year the complex was built in record time barely a year. it's also that prestige germany and the berlin brandenburg region won out against a lot of stiff european competition. this contract is important and good news for germany on the one hand because it creates secure jobs for the future here on the other hand because it also gives germany's international credentials as an automotive leader a boost and it also comes at a time when we're on the cusp of a new era of electro mobility and battery production.

a new plant could be located here can hide a small municipality east of the capital berlin it already boasts good industrial infrastructure construction is expected to get underway within only a few months. that's a pace that brings jobs to the region i'm all for it the space is there highway connections are there it's fine we have to see what actually happens the b.m.w. once planned a project here but nothing came of it. if i'm just going to i think it's really stupid because it means new jobs i think it will give the region here a huge upswing i've got my fingers crossed and hope the plant does actually go ahead tesla's plan is still only a declaration of intent and the notion that the new model was a compact s.u.v. complete with its batteries could be rolling off the production line here by 2021 is quite an ambitious one. major u.s. stocks ended the day up after a federal reserve chair jerome power old told lawmakers the central bank is likely

to hold off on further interest rate cuts powell was optimistic about u.s. economic prospects he expects a solid growth pace despite risks from slower global growth and trade tensions ours remarks kicked off 2 days of testimony by the fed chief in front of congressional panels. and our financial correspondent on wall street who said was they are or has been following plywoods remarks for us as we said good to see you again well of course investors are listening closely when it comes to the future of the u.s. economy how did powers words go down on wall street. pretty well have we are no surprises at all from chairman who basically gave fodder indication that he is unlikely that we will see another interest rate move these year and even in 2020. the now very much in line with the market spectator going forward either way we will still need to know what will happen with trade talks with china as the wall

street journal reported to be hesitant to compromise on a specific number of us are good products to buy but as i do your term research will touch more extensively on depth sustainability and downside risk for longer term growth associated from high federal debt levels here in the u.s. there was a reason let's talk about one particular topic that is of interest for many all eyes where disney after the introduction of its streaming service disney plus what can you tell us of its performance is this a dream come true. i'm going to quote dumble here we have here and say don't just soar it's one thing this talk has been doing on wednesday up 7 percent reported that the wrong 10000000 people have already signed up to the streaming service is an astonishing number even if we take in consideration the outages experience on tuesday sign ups that snow the scribe verse

but so far it seems these new employees these are only 2 way all becoming one of the most popular streaming services in north america. up to $90000000.00 global subscribers in the next 5 years but it still needs to catch up to netflix which currently has around $162000000.00 subscribers worldwide it is new plus becoming the elephant in the room for streaming services thank you very much in new york. now to some of the other business headlines we're following for you at the dubai motor show virgin hyperloop one is showing off one of its passenger pods which will one day rocket along at up to 1200 kilometers an hour virgin said recently it will build a 35 kilometer test track in saudi arabia the track between mumbai and india begins construction next year. brazil's president jalal so not all once decry china as predatory now he's welcoming president xi jinping to the brics summit in brussels

the presidents of brazil russia india china and south africa are holding a 2 day meeting there which is expected to be a low key affair with technical discussion. to nigeria now where many young professionals have an invisible tax when it's paid it the money they earn must feed their parents and other family members due to poor social welfare coverage older nigerians have to turn to the younger generations the younger ones often put their life on hold to take care of their parents and siblings. getting ready in the morning without running water isn't uncommon in many parts of lagos well the band you saw them on on a coin has to make the most out of his 5 metre square room. he works in a small saloon giving money cures and pedicures. i'm very close it is out and i said there's something so. he can't afford to lose another client it's the rainy

season and business is slow but that doesn't stop the messages from home his family still asks him for money i get a message from my sister about school fees. and so. i knew from one of the hair. i would never do whatever you came to go to school is find the salary changes every month depending on how many customers he gets in a good month he might an about $600.00 euros about half of this goes to his family i dislike it i don't like it but you're trying to be doing. but i know it's not supposed to be like that on his point to work on a bungee visits his father he lives alone and lost his job a few years ago but thanks to his son he still gets a warm meal every day without his son support he says he wouldn't some 5.

100 he's told me that i shouldn't call on him or too often because he's planning his own life to live through right now is unable to build his own life or start a family in nigeria people like him a cold to the sandwich generation he's stuck in the middle taking care of the older generation while also wanting to raise a family of his own. for the past several months china has been struggling with an outbreak of african swine flu half of the country's pig herds have been wiped out the price of pork has surged as a consequence bad enough for farmers for also for consumers in a country that eats more pork than any other of the worlds. you might assume that searching pork prices would be good news for chinese butchers but for a time who young they're nothing but a curse. the price of pork is increased and there are certainly

fewer people. to be honest we don't want the prices to be high we sell more when the price is lower because the cost is high profits. china is both the world's biggest producer and consumer of pork meaning the impact of the epidemic has been felt on international markets producers in brazil australia and europe have benefited just specially from the fall in chinese outposts. the decline has prompted several local governments in china to tap into the country's frozen pork reserves the existence of which shows how essential the government considers the meat to be. with the crisis already lasting months though officials are coming under pressure to take further action to stabilize prices. go. to the state cancel places high importance on the issue of the rights and pork prices and has a ready and acted

a series of measures you know the census wish these measures as well as the policies up to now appear to have had a positive impact that fashion. d.g. that's all you. but for a nation of pork lovers the prospect of having to either cut down on or for kai more for their favorite mes may feel like anything boss a positive impact. and that's all from us here of business thank you very much for watching remember you can always stay up to date with the latest business headlines on our web site s t w dot com slash business see you next time take care of the bike.

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tiring to the spirit. it sounds how tired i. heard you mention starts november 14th and w. . on a very warm welcome to news from the world of arts and culture we'll be visiting a big arrest respects of a ball of one of germany's most influential authors of the 20th century martin king from baghdad also coming up. bred our intrepid europe correspondent. his attention to a traditional bread of spain combined with a humorous look at the politics there. and a british photographer who makes cameras out of almost anything including cheat us

. was one of the great. wall contemporary art it was incredibly prolific producing thousands of works of all sorts of artistic endeavor including even 150 books in his short life time he lived on the edge and died in 1970 of liver cancer just 44 years old right now a museum in the western city of bone is holding a huge retrospective of his work which reflects his extraordinary production in all its facets and content. marketing cynical.