tv Business Deutsche Welle February 3, 2020 9:30am-9:46am CET
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earth home to millions of species a homing words anything. google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost green energy solutions and reforestation. using interactive content to inspire people to take action global ideas the environment series of global 3000 on t.w. and online. share prices plunged across asia as the whole region is in the grasp of coronavirus fears the shanghai composite index nosedives by nearly 9 percent as $420000000000.00 are wiped off china's stock market alone. breaks it is down now for the real issues the u.k. government is trying to tackle pressing domestic problems like the lack of
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affordable housing but critics call the plans dangerous. and how to reach 100000000 consumers in 30 seconds superbowl again breaks recalls us companies i'll do it other than the most expensive ads on t.v. . this is t.v. business i'm in berlin welcome chinese stocks plunged on their 1st day of trading after an extended lunar new year holiday as markets were ravaged by the spiraling corona virus outbreak the shanghai composite plummeted by nearly 9 percent opening wiping $420000000000.00 of the value of china's benchmark stock index anxious investors sold you on currency and dumped commodities analysts expect volatility to reign until there are clear signs the coronavirus is contained other markets in asia also down. for more on this i'm now joined by chelsea delaney in
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frankfurt chelsea what can we expect on european markets today. the european markets are really starting on much stronger footing attacks here in frankfurt just opened up about 0.3 percent so there's obviously really picked everton's between the panic selling you're seeing in china and the calm and european stocks today one of the reasons for that is that chinese stocks have been closed since january 24th so investors there really weren't able to absorb any of the escalation and the number of cases and deaths last week so they're really just now being able to absorb that information but another reason is that the chinese central bank took several steps over the weekend to really shore up the economy they are injecting about 174000000000 euros and 2 into the market to calm stocks and i think that's another reason why investors here in europe are a little bit calmer today just a delay in frankfurt thank you. the market slide in asia came he
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even as the chinese central bank put cash into the financial system show support for the economy and despite regulatory moves to curb selling the total number of deaths in china from the coronavirus rose to 361 as of sunday it did so that 17 when chinese markets last traded on january 23 the outbreak is having a devastating economic effect across the region. so threes tourism sector and overall economy are beginning to feel the brunt of the economic effects of the 29000 coronavirus more than 350 people have so far died 17000 infected worldwide with 15 cases here generating concern. during peak times crowds of shoppers many of them chinese visitors converge on these pedestrian streets insoles myung dong along with airlines hotels and restaurants this normally heavily
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touristed retail district will likely suffer serious financial damages from the consequences of the outbreak shopkeepers suggested sales were down 30 percent or more because of the virus with 40 years in this market kim heechul has seen ups and downs through the sars and mers epidemics which lasted months someone told me and i think the korean government is acting quickly preemptively the chinese should do the same this is not something to hide i hope they react and quarantine as quickly as possible. shops are giving away free masks and restaurants increasing hygiene to reassure customers travelers are practicing safer habits. what we've done differently is that we do make sure that we're washing our hands a lot more you know they put hand sanitizer at the museums and whatnot so we've been taking advantage of that so 3 ins worries about the economy are tempered with
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humanity. the chinese don't come sales will decline so i'm worried about the economic side but i'm also worried about people's health because that's the most important thing in life on the actual cut that i think i'm going to see the epidemic continues to hit stock markets as well with south korea's kaspi index down 6 percent over the past 2 weeks experts point out china's far reaching economic repercussions. its most serious than cyrus in 2003 because one han is a much more important transportation hub then one dong and the virus is spreading fast and we expect at 6 percent growth in the chinese economy this year but now that full cost has been reduced to the 5 percent range. so electronics and auto producers are now hurting with shortages of parts and shutdowns as consequences of the coronavirus disrupt international supply chains
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and spread throughout the global economy and let's go to seoul correspondent frank smith standing by frank last week was the worst in 15 months for korea's cost index losing 5.6 percent what's the overall economic threat for south korea from this virus outbreak. well certainly we need to look at sentiment and if you actually talk to economists here they'll say oh we don't expect it to be that bad if we look back at mers it only had a point 3 percent effect on on growth over the economy that was back and in 2015 and if we look at markets today that they were flat given that we haven't had an increase in the number of cases here 15 in the 333 people that return from china have all tested negative but finance minister hong i'm keen came out to say that he was concerned that the effect of the economy in china will have spillover effects here in south korea as it is part of a sort of
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a north east asian supply chain together with japan and he also mentioned that his ministry would draft measures to support those industries most affected in the tourism sector accommodation and food in particular. the virus is very contagious but so is fifa markets is fit doing more damage than the actual virus at the moment . i think that's a very good point again we're talking about sentiment this time public sentiment and that fear of the unknown that's kind of driven by this new story that has really gripped the world and we also need to remember people don't trust the information that they're getting out of that closed media system in china and that is driving a shift in behavior that we've seen here vendors that i've spoken to here in my neighborhood cafe owners and restaurant owners say that they've seen a dip not only in the number of tourists that come out to their establishment but to the number of south koreans they're coming out mentioning
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a drop of 30 percent and if we look at. a couple of industry there they're getting a boom in terms of food delivery and medical supplies with the minister warning over price gouging on the sale of masks here in south korea frank smith in seoul thank you very much. turning to europe now are the breaks it debate is now settled in the u.k. and just as government can focus ok some real problems one of them is the lack of formal housing government is now trying to shake up planning controls to kickstart a building but it's angered architects town planners and conservationists so warn it's simply a way to push through cheaply built and unattractive estates these beautiful children iraq houses in london i'll be on the reach of most home by is in the u.k. and england's national housing federation has warned the country desperately needs
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new affordable loans. in response the government is committed to building $300000.00 units a year by the mid twenty's twenty's the architects it's giving a handful of mass volume construction firms the go ahead to build row upon row of poorly designed unimaginative low cost homes. remember worth i think we book that we 3 for walk but not of the 3 i'm playing god across the country is a really good thing locals are also skeptical about the construction upsurge. i'm not sure they take into consideration the infrastructure just suitably housing stay off the housing estate england's private developers home builders federation insists things like infrastructure of the remit of local authorities and that standardize ation keeps costs down for customers the di lemma is creating good design that 1st time buyers can afford even if government advisors say that should
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be no trouble at all i don't believe great good design costs extra and in the end i think that the good the benefits the wider benefits that it brings to society we we can underestimate hopefully she's right because the new planning laws will leave their legacy on london for decades to come. americans weary of an endless barrage of political news looking for a little comic relief during this year's super bowl breaks were not left disappointed most brands were taking extra care to steer clear of politics and align themselves with celebrities. whatever the result superbowl is never really just about. with more than 100000000 people glued to their t.v.'s it's a corporate commercial pile on the myspace is selling everything from sugary drinks . to driverless technology path is that the
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quicker to create the pitch perfect. time or brands try to bring in a flat body and bring in a famous face you know that extra wow factor. but some brands also choose to focus on you know maybe a more charitable cause or something that has you know the sort of human interest factor to it i remember loving stories of female empowerment microsoft paid tribute to the n.f.l.'s parsed female. coach for the san francisco 40. makes peace for women campaign drew on a star studded lineup of comedians and an actual astronaut the opposite of a problem so much space here that when we even had digitally the super bowl seems to approve. of television television advertising is more
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valuable than ever and digital advertising is more valuable than ever all those people who said digital is going to replace t.v. we're just wrong there's more digital advertising it's more valuable there's more television advertising it's more valuable and the super bowl is the best it gets i know mike is not afraid it was about winning voters as well as consumers political campaign or splashed an estimated $20000000.00 on air time. as they ramped up their beds for this year's race for the white house. and that's it from me and the business team from oh you can have a look at our website there's d.w. dot com slash business we're also on facebook on twitter and very much for watching a small.
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on w. . it's all happening. now from. your link to news from africa and the more all story links to exceptional stories and discussions can you unload some of the debuts i'm looking program a night from funny to me from these leaves now i would say demi the match. africa join us on facebook to leave africa. to. sarah and gary in what little is left of their dream a wildlife sanctuary. australia's bush fires raged through cargo population less than 800 leaving behind only ruins and claiming 2 lives
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and now how can the community rebuild. and he continue to. be more open. to animal rights activists spring sheepskins blankets and bags as more and more people drop by with donations of cash for goods came from elephant. she is the bane of office and i thought she was too traumatized that governments equate here almost every day sarah telling asks herself to she should just give in and. just 3 years ago she and her husband have found a new home here and started
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