tv Business Deutsche Welle November 28, 2019 4:15am-4:30am CET
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island standoff pro-democracy protesters barricaded inside they say they're clearing up dangerous items and gathering evidence. this is news coming to you from the next even disney has the business news don't forget you can get all the latest news and information from our website. i'm talking about it all thanks for joining us. they created today's rules. 79. historical turning point in politics business and religion. the run up evil of the islamic revolution the 1st. opens up making its initial flirtation with those. strengths and states of emergency sinks into chaos and who joined the 2nd traditions in shams the people driven steel door during.
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saddam crisis. the start of an era that defines overmanaged today. 97 in the big meeting today small stores december 23rd double. the u.s. economy is looking quite durable as the ever important holiday season approaches business investment is off consumer spending is strong the markets are on fire we'll look at what that all means for normal americans. also on the show farmers are rolling into european capitals and protests we'll tell you what has them upset . this is your business report i'm stephen bears in blood thanks for watching. the u.s. economy grew at a faster rate this summer than previously thought analysts say it's
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a sign of the country's economic hardiness during a global slowdown the commerce department reported 2 point one percent g.d.p. growth between july and september that's 2 tenths of a percent higher than an earlier estimate it turns out that businesses invested more than expected and some are spending meanwhile events robust a good sign for the coming holiday season. and we go now to young's quarter our financial correspondent in new york yes i want to talk about another traditional gauge of the u.s. economy market indexes yesterday the dow jones industrial average closing at a record high for the 100th time since donald trump's inauguration so what's behind that search and actually here on wednesday we had another record close so now it's $101.00 record since january of 2017 that is pretty stunning and u.s. president donald trump at a campaign event in florida actually said everybody is getting rich well
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thanks to us president donald trump well especially last year probably the huge tax cuts that we saw with donald trump. why companies made more money and that led to some of those records but also on the other side we have more spending from the government and less revenue because of the lowered taxes so that also means that the debt load is increasing and then we also shouldn't forget that. not just with the economy but also with the stock market already started in march of 2009 and big then the president was not donald trump but barack obama well you could probably. see some but one ton of the stock market is on fire but as i said it also comes as a price with higher debt. so yes thursday is the thanksgiving holiday in the u.s.
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are americans feeling thankful for this economy as well as i mentioned donald trump that everybody is getting rich with this stock market on fire but that is actually not necessarily the case just look at one statistic 84 percent of stocks held by americans actually belong to the wealthiest 10 percent of households i'm so it's only a minority of americans who profit from the rise in the stock market just with their pension plans or for one ok so it's only the lucky few who really participate in this rally on wall street or a court of their force in new york thank you over to europe now where farmers are making themselves heard this week on tuesday in the german capital berlin protesters on tractors for a part of the city to a standstill irish and french farmers have now also taken to the streets the precise reason for each protest may be different but they all share
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a common message farmers feel like they're getting a raw deal. next stop paris on wednesday morning hundreds of families hit the road for the french capital to demand answers from president my chrome they smelled of gratitude says they made their way to the famous shown sillies a. if you do i'll conclude it's agriculture is dying seriously in every sector just last week i lost another colleague to suicide this can't go on through more than 2 suicides per day among the french farming community that's clearly a sign that things are very very bad and we've come here to tell the government to wake up. the french farmers insists they're being severely hit by policies such as the phasing out of the common weed kill eg life is 8 they also want an end to excessive criticism of random or welfare and the use of pesticides
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a practice they call angry bashing it's a message echoed by their colleagues in ireland who blocked rainy streets in dublin this week they say they're shouldering too much blame for climate change back in paris the farmers didn't get the direct response from president macron that they demanded but they were promised by a government spokesperson that they would always be treated fairly. in the war actually more like now we're currently opening a period of commercial negotiation between producers and large scale distributors. and the government is clearly listening closely at this delicate time which allows prices to be fixed for next year will ensure that there are extensive checks to make sure that these negotiations are conducted within the law. the anger shown by the french farmers reflects a dissatisfaction among many they're struggling european colleagues behind it is
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a fear that the next big policy change targeted at their sector could prove to be the last straw. now to another big agriculture story about a quarter of the global pig population is expected to die as a result of an epidemic of african swine fever that's according to the world organization for animal health the epidemic has been spreading for over a year now and hardest hit is china where pork is a regular part of the diet and prices are soaring. pork is a staple in chinese diets but for many chinese it's becoming a luxury the price has at times tripled within the past year i see that you are eating less pork now i've definitely been affected by that now we eat it once a week before we were eating it 2 or 3 times a week the only way you see you know everybody was. behind the soaring
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prices is an outbreak of african swine fever the virus is harmless to humans but it's decimated china's livestock herds some $200000000.00 pigs have already been killed due to the disease about 40 percent of all stocks and to diminish stock means rising prices but it's not just consumers who are suffering. and you heard the price of pork has increased and definitely there are less people buying it and eating it honestly speaking we don't want the prices to be high we sell more when the price is lower if the cost is high the profits will be low. restaurants are also affected they have to try and absorb the rising prices but inevitably end up passing costs along to consumers in order to make something. like the consequences of swine fever has spread to the country's political and economic policy the beijing government has increased imports for example from argentina in a bid to keep costs low oriana. gaza city council places high
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importance on the issue of the rise in port prices and has already enacted a series of measures these measures and policies up to now appear to have had it has that impact which can happen in that fashion digits oil. it will be months however before chinese court production recovers that's when the next generation of pigs will reach maturity for slaughter provided the virus doesn't get them 1st. now to some of the other global business stories making news b.m.w. is lowering bonuses for its $90000.00 workers in germany as part of a drive to reduce costs profit sharing for employees will be cut by 20 percent starting next year this year b.m.w. workers receive just over $9000.00 euros and shared profits carmakers says the cuts will allow it to preserve jobs. in the ride sharing firm has begun signing up
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drivers in london the company says it's going to launch services in the british capital in the weeks ahead the news comes just days after it was denied a new license after repeated safety failures all operates in more than 250 cities across india u.k. australia and new zealand. new european central bank president christine legarde adverse signature of the euro bank notes on wednesday ceremony is 1st task for the position the new bills are set to enter circulation next year the guard said her autograph represents a promise to watch over european stability. twitter will begin to leading accounts that have been inactive for more than 6 months companies that warning emails users if they want to keep their handles they'll have to log in before december 11th twitter didn't say how many accounts at the criteria that's led to need businesses in some corners of the world like in west hollywood where clothing for dogs tends to get a little pricey. this is where the best dressed dogs in america come to be fitted
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out for the holiday season the designs in this hollywood boutique seem to keep fighting with his friends hopping but the prices well some would have to work like a dog to afford them this marie antoinette style dog dress sells for $1200.00 but the most fashionable canines this year will be wearing a very elegant fabric. this season for the holidays for christmas and hanukkah a lot of people love anything cashmere sweaters blankets you name it. in other doggie boutiques buyers prefer to see their pets in familiar designer labels what's trending in 2019 as a lot of people go for the design of harnesses they can actually they go for chanel that got 50 or that is a really big family health staple here the pet fashion east is of hollywood say 70 percent of all households in america have a pet these days and more and more of them are finding something sparkling under
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2 conflicts with jim sebastian turkey has outraged many have been. allies in faultless with its military operations in syria my guest this week here at the phone policy forum in dublin is turkey's presidential spokesman favorite people kylie how does he justify his country's finally controversial policies as code and the brute conflicts of. next d.w. groups of the feet of. leverage here he's living on the edge. a refugee camp on the border between croatia and bosnia the front here. there is no
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running water and no power no heating. heavy snows are expected to any day. where should they come when winter comes the offer to come down. in 60 minutes to double. dip was the speech of his life perhaps his fast certainly his most difficult the speech by calling dresden on december 19th 1989. shortly after the fall of the of the chancellor addresses the people of east germany. the mid east tense the crowd clamors for german unity journalist peter limbo or cause it to seem. 30 years later he looks back on the
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time no interest and starts december 19th on d w. then you do it in the west it's for public or the vendor do it it's a fresh ok part of the way because any further you cannot fight one 3rd of civilization with another turkey has outraged many of you. allies and partners with its military operations in syria and a whole catalogue of human rights violations against its own people my guest this week here at the foreign policy forum in berlin is turkey's presidential spokesman in bring him clearly and how does he justify his country's highly controversial policies. and abroad.
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