tv Business Deutsche Welle January 3, 2020 10:15pm-10:30pm CET
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president particularly for this time of year in the length of the faucet and the absence of the. ecologists at the university of sydney fear the death toll includes hundreds of millions of animals the places have destroyed more than $1300.00 homes and scorched more than 5 and a half 1000000 hectares an area far greater than the netherlands. today it's a good today. he takes it personally when with a little bit wonderful people in stories make some special. federal troops. because more than football online. i'm not laughing at them well i guess sometimes i am but i found nothing which of them peter jennings thinks do you consider german culture looking at stereotypes the question if you think
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future of the country i. need to rethink that is drama. to me it's all about a new i might show join me in the contest and beat up the. post. stocks fall into oil prices surge as investors worry about new tensions between the u.s. and iran look at what exactly has markets concerned. also on the show south africa's struggling economy is bracing for yet another blow a 3rd junk status reading on its debt. and will hit the road in the u.s. and meet some hard travel amazon workers this is your d w business report i'm stephen beardsley in brylin good to have you with us. global
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markets are watching closely as tensions rise in the middle east following the u.s. killing of a top iranian general of special concern or oil the persian gulf is home to some of the world's biggest oil producers and they're now in the middle of an escalating crisis. the u.s. air strike has sparked concerns that regional tensions could escalate further but tension disrupting crude supplies the strait of hormuz located between a man and iran connects the persian gulf with why does the ways some 20000000 barrels of oil pass through this choke point every day any hint of trouble in the region since the price is climbing the persian gulf is home to 3 of the world's top 10 oil nations when measured by oil reserves iran's mainstream exports have already been squeezed by u.s. sanctions but iraq has become one of the region's biggest exporters and now it's ground 0 for the current crisis. news of the nation pushed brant crude up just over 4 percent on thursday where it's at $69.50
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a barrel before settling its the biggest price jump since a mid september attack on saudi oil facilities which briefly slashed output in the world's top exporter by half global markets fell on the news of the latest strike investors bracing for worries turned to safe haven assets such as bonds swiss francs and gold which notched to a 7 year high late on friday. now earlier we spoke to christopher haynes a crude analyst from energy aspects in london we asked to friday's shock to oil markets was just a fleeting scare or something more concerning. i think one of the biggest things here is that the playground where all this is happening is in southern iraq that's a very big oil producing region you've got about 33 and a half 1000000 barrels a day of or come out of there so any kind of threat to any disruption in the future is going to be a real problem and i think one of the challenges now is trying to understand when
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iran might might react to what they might do. let's go now to our financial correspondent in new york ian's korda. yens good to see you almost 4 percent spike in oil prices today can you help us put that in some sort of perspective. you know well times have changed so if you look back 10 years for example with incidents like today or yesterday we probably would have seen the oil price spike by at least 10 percent or so but by now the united states actually is the biggest oil producer in the world and sold there for at least the united states does not really depend so much on oil from the middle east and the longer and if you look at it historically take $994.00 example the time when the 1st gulf war started gas prices and u.s. pump spiked by a good 10 per cent or $7980.00 around the iranian revolution gas
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prices increased by more than 30 percent so times have changed and yes we saw increase in oil prices but by far not by as much as we would have seen it probably like 10 years ago when the u.s. was in such a dominant force when it comes to oil production he was the market reacted otherwise to the shock today. you're clearly we did see a nervous environment and nobody really knows what's going to happen when we might see in iranian retaliation in a couple of days or so we did see the stock prices coming under pressure that was because of higher oil prices the other side if you look at the stocks of the big u.s. defend the contractors they actually were among the biggest winners overall chips lost a good point 8 percent in value so that wasn't too a mess of but the sentiment overall is clearly nervous all right quarter with the
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latest from wall street thank you. and one big winner today on wall street was u.s. electric car maker tesla reached a new record for car deliveries in a quarter pushing out 112000 vehicles in the last 3 months of 2019 that milestone also beat analyst expectations the news which sent the carmaker shares soaring to new heights follows another production milestone for the company tesla's 1st model 3 cars built in shanghai rolled off production lines earlier this week that could help the company solidify its position in china the world's largest car market. let's take let's take a look now at some of the other business stories making news around the world. u.s. manufacturing activity contracted for the 5th consecutive month reaching its lowest point a decade that's according to the institute for supply management its monthly manufacturing index fell short for analysts who had been projecting
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a rebound they'll look has improved however given the u.s. trade deal with canada and mexico and another with china. bulgarian authorities say they will call another 24000 pigs after the detecting a new outbreak of african swine fever bulgaria has already killed 130000 pigs due to the disease many fear the highly contagious illness could decimate the country's pork industry and there are concerns it could spread to other european countries. german carriers of tonnes of has announced plans to hire 4500 workers in germany switzerland and austria some of the jobs will fill will fill vacancies while others are new positions according to the airline more than half the jobs are for ground crew labor relations have been a sore spot for live in recent months. and to south africa now last year foreign investors unloaded nearly $10000000000.00 u.s. dollars worth of south african stock and bonds the largest selloff in over
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a decade president cyril ramaphosa has failed to jumpstart the economy after 2 years in office and indications are mounting that the country is sliding into recession and that it stands to lose its last investment grade credit rating in the coming weeks. many south africans were buoyant at new year's celebrations in cape town. 29000 was an experience by expect 2020 to be a match and i have high expectations for 2020. but investors have other expectations and they're bracing for another kind of a bang in february. south africa already has a junk rating at fitch is and standard and poor's and moody's mode its outlook to negative at its last review sparking fears the country will be relegated to junk status at the next trading in february the world bank has lowered its growth
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forecast for the mid-term from 1.3 percent last spring to just less than one percent for last year the job outlook remains weak with unemployment at 29 percent and government debt is now projected to grow to 71 percent of g.d.p. by 2022 up from 57 percent just over a year ago more and more public spending is going to distressed state owned companies like power utility eskom and national carriers south african airways if south africa is rated junk by moody's analysts say it would trigger a massive selloff by institutional investors. is it the new american dream at the road live by the seat of your pants or customer relations for amazon for some americans that's no dream it's a reality show even as many workers complain that the growing gig a commie leaves them feeling untethered others say it works for them correspondent oliver salat caught up with a few of them. the recreational the hey kill the r.v.
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a symbol of freedom. home is wherever you take it and were ever work may take you. a campground near an amazon warehouse and cheaper on kentucky is home to a round it doesn't work camp purse it's 2 pm time to get up for robert barker he works the night shift. good morning good morning robert how you doing and good how was your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that van yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've done some also i've worked a job in alaska salmon cannery have worked a beat harvest and. amazon's been really good to me and it's really
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easy money and allows me the freedom to do what i want. robert is $46.00 he has no partner no children and very few expenses amazon paces camp side his health insurance and $15.00 an hour when he works managing customer returns it's a temporary contract for a couple of months. the cantor family lives next to robert. ivan 3 to our new. 80 year old ivan cantor is the oldest employ yet amazon's hebrew and warehouse he and his wife law rain work to top up their pensions and they say to have a better life personally i need a home base ah but. that the ferment i hope i can get out capital and the gift of the opportunity to do that. more financial security but you have to
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hit the road to get it perhaps not everyone's dream but it seems to work for some. in a lot of criticism about amazon and concern about what the growing off life trade industry would mean for work environments in the united states but one thing seems to be clear though the work campers in kentucky not quite happy with the lifestyle a job. and that's it for me and the d.w. business team more do check out our website d w dot com slash business i'm saving there's a blend it's for watching. go
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wired or give a sample size to the ball field to the right. but. we're just learning this is going to feel. this is due to every news africa coming up in the next 15 minutes is africa's wealthiest woman guilty off the bat is about all santos has had her assets frozen in angola the government accuses her off causing the state's lawsuits but she says the charges locked politically motivated. and this secretive traditional practice inside.
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