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of climate change. pseudonyms. much too soon people. want to do years do they have for their future. g.w. dot com for megacities filmmaking to get. clear cut or. are the u.s. and china ready to sign the dotted line a face one trade deal between the 2 nations looks to be near so what will it mean for markets after an already banner year. and we'll look back on that year and what it meant for business worldwide from the corporate hallways of boeing to the angry streets of santiago chile. this is your business report i'm stephen beers in berlin

it's good to have you with us if u.s. and china are on course to sign their phase one trade deal in the coming week that's according to white house trade advisor peter navarro in an interview with fox news added that washington is just waiting for a translation of the deal the agreement calls for reduced tariffs on u.s. imports from china and more chinese purchases of u.s. agricultural products the white house said the deal also addresses american concerns about intellectual property theft and forced technology transfers to china although exact details remain limited. let's go to our financial correspondent in new york. yes it's been a rather quiet day of wall street from what i understand despite this much wished for trade deal apparently in the offing what's going on. well 1st of all we all know that after phase one of the trade deal comes face to of the traits here

and that might be even tougher to negotiate with what might get signed in the next couple of days and then we shouldn't forget that 2019 at least for stocks was a pretty stellar year the s. and p. $500.00 up by almost 29 percent we have pretty much in line to have the best year on wall street since 1997 so we did see stocks on the rise all year long companies like microsoft for example up on the year by a good 55 percent and so. almost last trading day of the year there was a bit of a cautious tolly on wall street but if you see we decrease the point 6 percent in the dog jones industrial average though it was not too dramatic what we saw here on december sirius. as the markets are set up for such a strong finish which is incredibly different from this time last year there was so much turmoil what happened in the past year what changed yeah what

a difference a year may accuse but if you look back 12 months ago we just saw the federal reserve to. interest rates one more time then there was some skepticism if a trade deal would get done there was a lot of talk about recession right now nobody really talks about a recession at least in the u.s. in the near future we saw 3 interest rate cuts as you mentioned before there is some sign on the horizon that at least this phase one trade deal will be signed so all of the negatives to a certain degree have turned positive that's why we saw the stock market on fire but overall it was really the federal reserve was those 3 rate cuts what drove the markets in the past them couple of months but what we also shouldn't forget it's a bit of borrowed growth because also the debt load when it comes to private households when it comes to corporations when it comes to end tire nations have

been on the rise and that could haunt us at some point in the future but right now and nobody really wants to think about that all right quarter their 1st in new york thank you very much. from trade wars to unilateral sanctions and brags that it was a year in which liberalise trade came under fire but a new study by the bettles mon foundation found that the biggest beneficiaries of a rules based trading system are the 2 nations leading group global trade disruption the u.s. and china both have pulled in by far the largest net benefit from trade in terms of real g.d.p. and that's thanks to their membership in the w t o which sets trade rules and arbitrates disagreements now for the usa the study says that benefit comes in around $87000000000.00 china enjoys almost the same amount $86000000000.00 in trade benefits from being a member in the w t o and in 3rd place germany which reached around $66000000000.00 in trade benefits as part of its membership in the ws yo and yet the world trade organization is

under intense pressure especially from the u.s. as it leads a trade war against china a trade war that became the biggest business story of 2019 but certainly not the only business story take a look will they or won't they the u.s. and china have been at it throughout the year and in may trump announced that washington would raise previous tyrants where having a little wobble with china because they've been treated very unfairly for many many decades are actually a long china retaliated with its own threat and in the summer a truce was announced in the g 20 summit in osaka but the u.s. reneged on that tensions eased earlier this month u.s. president trump tweeted that a very large phase one deal had been reached with china with beijing agreeing to buy a range of american goods as a result washington suspended penalty tariffs set for december 15 something beijing

confirmed that 2 countries now say they are preparing to sign an agreement next month. one of the sticking points between washington and beijing has been china's dominance in the tech sector and that is something the white house wants to end one of the targets of its come pain has been chinese tech giant huawei the white house says beijing could use while waste technology for intelligence gathering and industrial espionage washington has been calling for its allies to block the company from participating in building 5 g. networks no surprise the debate on while way has also been heated here in germany and we've been covering it. can the state of china force you to give information which you would be able to collect for example in germany now all we want while way has never received any such requests during our operations over the past years and even if we received such requests in the future we would not agree to them chances without any lawful requests so we won't do anything i want

enjoyable which until i was. the author was a topic under $29000.00 was the year of the protests across the world also across germany's border the yellow vest movement took to the streets in neighboring france to protest against the government's planned economic reforms they believe they are hurting workers the french government says they are needed to overhaul the economy to make it more competitive. in the middle east the lebanese government's economic reform attempts were met with countrywide protests people took to the streets to demonstrate against plan changes to the tax regime stagnating economy and corruption and that led to the resignation of the country's prime minister. change didn't get as bad as government but it could dorian's manage to push their lawmakers to the brink with protests that crippled the country's transportation networks in the end the government had to withdraw plans to remove a fuel subsidy after dramatic protests. and elsewhere in latin america

people were taken to the streets and i didn't tina and she like to protest against economic reforms and a higher cost of living. i. i cost of living was also a major issue for zimbabweans the protests were triggered by a 130 percent fuel price hike and that on the country's declining standard of living prompted people to take to the streets throughout the year the. u.s. plane make a boeing also dominated headlines this year it started last march with a fatal plane crash in ethiopia. the 2nd for it 737 max at 1st the company tried to deny responsibility but air transportation authorities were soon ordering the grounding of a 737 max its best selling aircraft within weeks of the incident since then the plane maker has been mired in a crisis in december boeing said it was holding production of a 737 max and c.e.o.

dennis mullen burge was ousted new seal david calhoun will now face the task of engineering a turnaround and rescuing started reputation. it's been a busy year for the markets across the world but it appears the u.s. markets have managed to ride out the uncertainty on the stock market is at a record high in the u.s. and that's something the u.s. president has been raving about and taking credit for he says the highs a jew to his reforms hard to say but what is clear is that the global economy has been slowing with the i.m.f. and the world bank mainly blaming the u.s. china trade dispute but despite that there's been records in markets in both sides of the pond and that was the spot of good news this year. and quite a year it's been let's take a look now at some of the other stories making business news around the world. a production milestone for u.s. electric vehicle maker tesla its 1st model 3 cars built in its chinese plant in

shanghai have rolled off the production line less than a year after work began in the factory electric car maker says it will increase production in china the world's biggest car market. and speaking of china another high speed rail way has gone into service in the country connecting the cities of beijing and chong jack-o. co-host of the 2020 winter olympics the trip used to take almost 4 hours and has now been shortened to under one hour with trains reaching speeds of up to 350 kilometers an hour. germany imported a record number of fireworks last year but this year's new year's celebration kicked off with a ban instead of a bang this year the government has introduced a fireworks ban in the center of the city citing a large amounts of pollutants created including plastic waste and fine dust. and that means it's time for new year's resolutions and if you're like me you'll be

more active in the new year well there's already a market waiting for us health and fitness professionals surveyed by the american college of sports medicine say that 2020 is all about wearable tech that includes sports watches that monitor heart levels and calorie consumption doubling as phones texting devices and more prices vary ends in the end will still have to do the hard work ourselves. or maybe just find different resolutions that's it for me and the business team here in berlin i'm saving beardsley as always thanks for watching.

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