tv Business Deutsche Welle February 11, 2020 10:15pm-10:31pm CET
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too but i don't want to make the job any more difficult for the c.d.u. at the moment when your nation. to be able now would most likely be up to chancellor merkel to resolve the crisis the government can't afford such turmoil when it takes over the presidency of the european union. where you're watching news from berlin coming up next business with kate ferguson stick around for that. dusty big muddy ties and drugs we deliver urgent life saving boxes we give everything to reach those who need us the most every ball feeding their futures. boxes for the fall hope of lifesaving food in the sun much more down roads with no names we feel asleep can never relent the skew no promise to make every delivery special. not just next day but every day.
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thousands of children still waiting for their delivery sponsored books today so together we can live in choose. deserted streets international travel advice standstill companies closed for business the coronavirus continues to wreak havoc in china and beyond so why on earth are investors it is a good mood we'll go to wall street to find a. also coming up 15000 jobs are on the line those german cards are in time maronites of its worst performance in a decade c.e.o. all that plenty of us have what it takes to turn the company's fortunes around.
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imes their lives or their dangerous and that of their boss had the whole thing commercial heart of nigeria is coping with a bomb on toxic spikes. this is the tell me business i'm kate ferguson welcome. we begin in china where authorities are stepping up attempts to protect the economy from the worst effects of the coronavirus tens of billions of dollars worth of stimulus have been announced and so she's like signing high has cut lending rates businesses are snapping up the cheap credit suggesting they need all the help they can get. cities are virtually deserted shops closed transport links at a minimum customers are nowhere to be seen with economic activity at a standstill across the country many businesses are now seeking billions in loans to keep them afloat. banking sources in beijing of told reuters that around $300.00
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chinese companies have sought loans totaling more than $8000000000.00 u.s. dollars to try and soften the impact the crisis comes at a time when the chinese economy is in the middle of a difficult period of transition the government has already pumped more than $200000000000.00 into the country's financial system to avoid volatility and yet there was optimism on the global financial markets after a top chinese health advisor suggested the epidemic would soon peak and could be over by april in a statement on chinese state television. according to our mathematical modeling the epidemic will reach its peak in the south after the middle of february or in the 2nd half of february although. still the situation is one of contrast as the death toll climbs above 1000 and the optimism is simply not reflected by the reality on the ground a report published on tuesday by
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a senior member of a chinese government think tank says the outbreak could take at least one percentage point of china's entire g.d.p. for 2020 more bad news for china which will inevitably impact the health of the global economy. for more on the global impact of the coronavirus let's cross right over to our financial correspondent on wall street yes hi there we saw in the report just now just how big an effect this virus is having the death toll is now higher than from sars tell me then why on earth the nasdaq and the s. and p. 500 we're seeing highs earlier today doesn't appear to make her size. yeah and actually we did set new records for the s. and p. 500 and the nest that composite to get here on tuesday well 2 there is a lot of talk but as you mention no reaction people do talk about possible effects
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for example for the supply chain of u.s. tech companies for instance but wall street at this point seems to be only focused on earnings we are on the middle of earnings season and earnings so far looking pretty good and the same is true especially for the outlook we do have a couple off exceptions under armor for example one of the big competitors nike they actually were saying here on tuesday that revenue will be effected due to the coronavirus in the 1st quarter by $50.00 to $60000000.00 and that stock could tank here on q stay dropping almost 19 perth and value even if the coronavirus is not the only reason for the trouble of under armor but yeah you're correct so far a lot of talk but wall street just seems to ignore the possible effects of the coronavirus ok so a few exceptions there to all of this optimism that earlier fed chairs around
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powell for them to take monetary policy report to congress it was fairly up based is a fetish even thinking about the coronavirus when it comes to monetary policy decision making. you know they do think about the coronavirus and they're absolving the very closely and i guess that is probably the main reason why the markets are still so because the federal reserve basically is hinting if the situation gets worse if it takes longer before the coronavirus is being dealt with the federal reserve actually could cut interest rates in other time and it's not just the federal reserve but also the people's bank of china reacting so it's all just cheap money flooding the markets that is keeping the rally on wall street delight and scott on wall street thanks so much t.-mo bile is one step closer to taking over u.s. mobile network sprint after
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a judge ruled that the $26000000000.00 deal does not fall foul of competition laws opponents of the deal say prices will rise since the sprint purchase would bring the number of u.s. mobile networks down from for it to just 3 t. mobile says the agreement is likely to be signed as early as april. to iran where hundreds of thousands of people have been marking the anniversary of the 1979 islamic revolution the uprising led to the toppling of the country's monarchy and the establishment of a c. across a police state but 4 decades on the country is dominated by ever soaring tensions but the united states and then the economy that's been crippled by sanctions. it could be a birthday serenade the street musician is playing here in the north of terror but iranians hardly feel like celebrating on the 41st anniversary of the founding of the islamic republic their country is struggling to cope with u.s.
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sanctions and international tensions. in the quality of life isn't good at all we have pollution angry people high prices huge class divisions and the country is isolated. this could have that the economic conditions are now really difficult especially for young people have somebody japanese. and that's why many of them are leaving they see no future in their country. the crisis can be felt everywhere oil exports have collapsed and because of the sanctions the banking system is almost ground to a halt the currency has lost half of its value in just a few months. when you heard of course these sanctions affect things and it's the people at the bottom who are under pressure.
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and then there's that runs the islamic police state more and more iranians are taking to the streets against it so there really is no reason for most iranians to celebrate. time as profits housefull and for the 2nd year in a row c.e.o. a colonia still pretty new to the job and that's the result the west in a decade earlier on tuesday if you look at scandal trade tensions on the move towards electric has made the 1st few months anything but an easy right. dima boss all a colonial attempted to downplay the disappointing figures with comforting phrases like investments in new technologies and special expenses profits in $29000.00 was 64 percent lower than the previous year at 2700000000 euros the result a much worse than expected if you not feelin i gave the city because of the of the financial results that were presenting for 2019 are not those that we want to see in the future. again it's not enough. it's not fair to this good in
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proud company dalton or the name of god i don't accept it and we're making new plans for the future of us of europe for food it's a court but it won't be easy for the ailing car company time as electro offensive is spluttering due to a lack of high quality batteries and customers hesitating to buy and the diesel case scandal is also partially supply for the lackluster showing. time to spend lots of time and money on the next class pickups but production had to be cancelled is due to low sales numbers. the situation is hitting diners employees hardest job and business daily hundreds plot reports that diana plans to cut 15000 jobs well white. let's go to lagos not i guess city where people are struggling to get from a to b. offer authorities bond one of the most popular modes of transport the motorbike
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taxi the embargo came into effect at the beginning of february let's take a look at how commuters healthy ferry. motorbike taxis have always been the found and cheapest way to get through the traffic in the mega city of lagos they're called okada is here since the beginning of february o'connor's in the city's 3 wheeled rickshaws have been banned the official reason is too many accidents it's not the 1st time the authorities have tried to get them off the streets but this time they're serious all the drivers who rely on driving motorbike taxis are outraged. everybody is going to. avoid what we do right the border. getting from a to b. in lagos is incredibly difficult without motorbike taxis in rickshaws a public transport infrastructure doesn't even exist. he gets shot making quite my
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bad if you don't buy. it that way you take off if you provide any means of transportation of all people the government has promised to introduce more public transport but no one here believes it will happen any time soon. about that from me and the business team here in berlin you can get more on our website that don't call us lost business for us on social media is the top of the line on facebook and twitter for me. if i take.
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the most people are frightened of crocodile skin. butler risa take his lumps. the biologist is one of the world's top crocodile researchers samee in belize central america she is campaigning to protect these endangered predators despite people's fear and prejudice $3000.00. and 16 s w. i think is everything challenging 1st
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i'm a muslim. saw much different cultures between here and there challenging for ever. and some of the bigger was worth it for me to come to germany. i got my license to work as a swimming instructor and i'm sure now our 2 children don't stress from the bottom just. what's your story. take part sheriff on info my grin stocks. have fallen in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits. of the regime alone. kim jong un has introduced n.c.v.s.
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reward system to coerce allegiance to the regime. those who don't make it into the fun metropolis are often toggery. tough on n.p.r. news starts february 28th on w. this is africa coming up in the next 15 minutes a change of tech by mali's media as hard as insurgency intensifies despite military efforts president cases say is not ready to talk but the extremists but not everyone thinks it's a good idea. that actually is a good day now said monday that walked out of prison a free madoff to 27 years behind bars we'll hear from one of the. closest friends.
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