hey there i'm david and this is climate change. happiness in 3 books. this is the book for you. smarter birth free do you books on you tube. straight reacts to have ran a stall in the u.s. economy and only reliable services sector posts its 1st drop in activity since 2013 . the coronavirus is forcing many chinese to spend lots of time indoors but the situation has its winners. and in spain any of us has plans to cut hundreds of jobs never seem to feel reus reaction. this is deja vu business on what some belive welcome along. u.s.

services sector has registered its 1st stop in activity since 2013 there was a notable worsening in the section of the united states economy that includes finance retail during february according to research by i.h.s. markets there is also a slowdown in manufacturing house for its income is no surprise to us here part of the problem is the corona virus outbreak in china. well let's get more on this from our correspondent on wall street jose luis de haro so jose what exactly is behind these disappointing figures. so truly rob born to corona virus are starting to take a toll in a manufacturing and services sectors here in the united states for starters does 737 max a crisis house have for just going to halt the plane production and could end up a shaving up to percentage point to u.s. growth in the current quarter at these also affects both suppliers and airlines and

speaking of airlines the industry it's getting the heat on several fronts the $737.00 max ground. up at several routes around the corner by russo which has to stop temporarily commercial flights in and out of china. so i know all bad news at ford it industry and services here in the united states in general at a time a new truly warm winter at hearing the east coast ease in helping growth prospects in the current quarter. so how are investors feeling are they back to thinking the u.s. economy could contracts during the 1st quarter. if we take a look at the drop the 10 year treasury yield and the 7 year highs the gold prices investors are definitely trying to run for some call that said they used to hold the federal reserve will karma to the rescue and maybe cut rates once or twice if things get wars but on friday. we heard some central bank officials saying that god

didn't fire a shot at should be shortly 100 thread that's not there blindly follow the markets potations cause for now read you know fed projections that sino our g.d.p. growth here in the us between a healthy 2 person and 2.6 percent in the current quarter but that could change in the short term at any time well as a thanks for keeping us up to date that's jose luis de haro in new york. and we heard that about the impact coronaviruses having thousands of miles away from china in the country itself the closures of shops and places of work have led some cities to be described as ghost towns that's also the description used by the head of the huge chamber of commerce in china you know he spoke to his having just arrived in germany from beijing well i've been through ghost towns before 2003 i was a veteran of the sauce twice and it was unlocked down different now that actually

the shops and the restaurants are all down it's like a panic particularly in between where i live which is hard to understand because we have 3 in a case as one mortality and we have 5000000 cars in the city don't see them anywhere in schools tone which is frightening and my kids actually. been very concerned about this i mean it's depressing from. from the chamber of commerce in china that he also told is that he expects to spend 2 weeks in quarantine when he returns to beijing it will be the only one place closures and travel restrictions mean many chinese are spending more time at home than usual but that's provided an unexpected business opportunity for some international companies. leaving the house means putting on a mask and still being fearful of an ever more spreading virus that has killed over 2000 people so far and even if you left the house the streets are empty malls have

closed and even coffee shops have shuttered so people stay inside and that's a good thing for some companies that's a massive opportunity for the entertainment industry in china we've already seen lots of online gaming downloads from companies such as consent but in the west you know for example the new streaming service from the walt disney company if you know families are having to stay home for 2 weeks then you know is going to be a major opportunity for that and 5 they don't think of the children to do it. disney plus has already been off to a good start now some extra growth might be in the cards amazon and other web based services are also hoping for a positive effect of coronavirus. however as the epidemic grows so do losses for the broader economy gains in one sector won't make up for those.

us bank wells fargo has agreed to pay $3000000000.00 to settle an investigation into its fake accounts candle between 222016 the bank pressured employees to meet unrealistic sales goals leading to the creation of millions of false credit and checking accounts rates existing customers. has admitted to collecting large amounts of money in fees and interest as well as harming the credit ratings of some customers and misusing person information. now for a quick look at some of the other business stories making news this wednesday 70 member states have failed to reach agreement after a marathon budget negotiations in brussels they blamed hard to bridge a rift between poor countries of wealthy states wanting to rein in spending those include germany and the so-called frugal for austria denmark the netherlands and sweet. speaking of the netherlands it plans to cut gas extraction from your

largest field to a trickle before closing the tap completely in 2022 days after a series of damaging earthquakes gas mining from the groningen field is to be cut to $3000000000.00 cubic metres by next year earthquake victims will be compensated buildings reinforced according to the dutch government. and thousands of foreigners took to the streets of mirth here in southern spain tossing vegetables on the floor in protest against load food prices and for working conditions according to spain's union a small but she says average bombings fell by 9 percent last year as food prices sank production costs writings. and that's not been the only fair exist in spain in recent days thousands of spanish adverse employees have staged a walkout in protest of plans to cut over $600.00 jobs as part of a shake up of the company's defense division which has been struggling in recent

years as employees say the strong performance of civilian act raf business means there's no need for the cuts viz airbus workers are angry the company is flying high. but it's still giving $630.00 employees and spin the axe. the reason despite better numbers and it's a 1000000000 sector airbuses space and defense divisions are in a slump and the company hopes in restructuring will kick start the division but at this facility near madrid there's little sympathy for the company's plans so you see there. is a big multinational company that has a defense sector and the civilian sector and of course the civil sector is getting fantastic results. we think that if it's true that there is a lack of work in the defense sector and we could easily adapt by shifting jobs to the civilian sector. in total airbus plans to cut around $2300.00 jobs

across europe over the next to yours. now bags of corn like that one has long been a feature of mexican life it's a staple of local cuisine and provided the backbone for the civilization that became modern mexico but traps have meant its reliability as a crop has fallen into doubt some farmers and now are looking for something else to grow. once again the corn harvest has failed into a work around in the mexican state of puebla playbill has just recorded the warmest year on record from a porfirio garcia used to harvest 4 tons of corn per hectare. these days it barely get 700 kilos most of it has fallen victim to drought. you look at any of that bad in the whole rain that was supposed to fall in june or july or august or september that's what we see now the maize didn't grow because there

was no rain. no would you. even know it's a staple food in the mexican cuisine normal corn has no future here anymore climate change is forcing farmers to adapt. the farmers association has set its sights on more hardy species of corn. in our plans at work we focused in recovering native corms. these are coal mines which are more genetically adapted. to the type of soil or. on the low availability of water that result in better harvest. more than a better quality corn that resists diseases and some plagues of this is the bloggers but many farmers are turning to a guardian perspire cio which also require less water concords ovation into account

has already plunged by 18 percent some farmers in the region have given up completely and sold their lands to real estate developers. alas it's from me on the business team here in berlin you can find more from us if you go to our website. dot com slash business we're also available on facebook and twitter. leave you with a quick check of global markets joining us and good buy. had

a real trial it resides. i come from there lots of people in fact know that the breathing it is the blood and i'm just democracy that's one reason i'm passionate about people and aspirations and they can sense. the mission reporters tried to get in but end up in the for the fun one and i remember thinking at the time if the battle in broken 4 would have happened if he could come together

and unite for the coolest city i do the news i often confronted difficult situations more conflict between does the constant high seas response might show up to confront goodspeed as on policies and development of the spotlight and issues that matter most congo food security initiative national nice peace and. a not has been achieved so much more needs to be done and i think people have to be accountable solutions my name is i'm a touchy and what kids need. spy. movie is for me. is for you. is for help. for is for her. is for.

beethoven is for us. is for clucks. beethoven 2020 the 250th anniversary here on deal here. oh and a very warm welcome to news from the world of arts and culture let's have a look at what's coming up today. a brazilian drag queen who suffered homophobia in brazil but found a new home in germany. and the biggest ever exhibition in germany of impressionist paintings by claude monet of the barbary museum in pottstown. bots we begin the bird in film festival which

is said to be the largest public film festival in the world with over $400.00 movies to choose from this year today we're going to have a look at new films which feature of this great city as a backdrop nearly 30 years after reunification is still undergoing great change this of course fascinates filmmakers because the city has so many different sides to it. minimalist disreputable. lens many facets make it an exciting place for directors to shoot in sent their film. one of the most famous squares in what was once east berlin has lent its name for this title by lynn alexander claims in this film the undocumented refugee francis drifts into the drug dealing scene at the city's house in hyde park which served as a shooting location. oh. nice.