regularly out for walks to explore the desert and conquer areas such as the children's playground you're watching news is more on our website called i'm talking about of course thanks for joining us. it's a deadly sin. and the whim of nature. is different services. and threatens to murder. greed. should be desired. that drives. you to change.

why are we greedy. we go in search of answers in a documentary film. starts may 21st d.w. . 13000000 americans have now filed for unemployment benefits we'll take a look at what's being done to get the world's biggest economy going again. means business says having to adapt. is one of them converting passenger planes to freight. this is due to be a business in berlin welcome along the u.s. economy continues to shed jobs at a record pace with more than 3800000 americans filing for unemployment benefits

last week nationwide lockdowns out a wreck or dropping consumer spending a causing many businesses to lay off employees as they just try to survive. more and more americans are lining up to file for unemployment benefits offices factories hotels restaurants and schools have been shuttered to stop the spread of covert 19 as a growing number of employers cut payrolls to save money economists expect the unemployment rate to continue climbing the number of americans filing for jobless claims each week rocketed in mid march reaching a peak of almost $7000000.00 late in the month it has remained high with more than 30000000 asking for assistance since the corona virus outbreak began earlier this week the government reported that the economy contract it out a 4.8 percent annual rate in the 1st quarter but more grim news is expected in the 2nd quarter analysts believe the economy could contract at an annual rate of as

much as 40 percent between april and june. amid signs of the corona virus outbreak plateau ing in some regions there is growing pressure on politicians to ease lockdowns many state governors have taken steps to reopen their economies but a large majority of americans remain wary of returning to shopping traveling and other economic activities u.s. consumer spending which accounts for 70 percent of g.d.p. tumbled 7 and a half percent in march and americans who are still employed are stashing away their cash fearing that the situation will get much worse before it gets better. well now let's bring in our financial correspondent he's in new york yes millions more people joining the u.s. unemployment vegas markets reacted to that. well we did not see the markets tank as much as you would expect to seeing those figures so

there was also some nervousness because the washington post reported that the trouble ministration might take some measures some origination measures against china because they're not happy how that concrete job and communicated it was the corona outbreak of that's going to happen we don't really know but if you take the circumstances we only dropped a good percentage into thursday session and actually for the month of april the s. and p. $500.00 index of the main index here and there and to wall street is up by almost 13 percent meaning we've we're marking here the best months since 1987 so really quite unbelievable what's happening at the stock markets in the past couple of weeks despite all those spent economic news yes the major u.s.

firms and i think some impressive think is we've had quite a nice from apple how are they doing. well there's not reaction is a bit mixed in the after hours session but overall it has been a very solid quarter ok i phone sales dahlan a bit by about to 7 percent but overall 1st of all apple is saying that if he's to china the business is recovering at least a somali and then in other places in the u.s. for example people contact their homes they have to work from home so they were buying other devices like i pads or make computers and also using apple services and more than in the past so overall a very solid quarter from apple and then we also have numbers from amazon the other big trillion dollar company here in the united states and they profit from people buying almost everything on line but they also have to invest more and so to offer

those services they employ more than 100000 euro workers so they get beat on the revenue side but didn't meet didn't miss on their. profit side and that's why the stock is down quite a bit in the off to our session but we also shouldn't forget amazon is up about 30 percent since the beginning of the year. thank you have financial correspondent yen skeleton joining us from new york. now for a look at some of the other business stories making the news. was just touching on the fact that profits fell 29 percent during the 1st 3 months of the year that's despite revenues rising by more than a quarter the company says it's an example wiped out by costs associated with the coronavirus outbreak closing taking on new staff. american airlines has posted a loss of $2200000000.00 for the 1st quarter of the year have travel in the u.s. has fallen by 95 percent since the start of the coronavirus pandemic the carrier

says its revenue fell by a 5th during the 1st 3 months of the year. now this year it is unlikely that british scandinavian or german tourists will be heading to the meds to soak up the summer sun on tuesday the german foreign ministry extended its worldwide travel warning until at least the 14th of june spain's tourism sector is certainly feeling the heat. right now the beaches and streets of boston ashit be teeming with life the city is one of spain's tourist hot spots normally the main season gets underway here by easter at the latest but this year things are anything but normal and that's not likely to change anytime soon. for the rest ourselves in the best case scenario assuming we were to do things really well in the all celebrities stepped in to protect the tourist sites and. even then we would see a quarter of boston known as bars and restaurants close in the next 12 months.

because it measures for the spanish economy this compulsory break is disastrous tourism makes up around 14 percent of the country's g.d.p. more than any other sector it employs almost $3000000.00 people many of them have already lost their jobs. we need to stick together tourism is essential to the economy and it will need support to come out of this fighting other countries may have different sectors they contend but here tourism is everything. the tourist sector is facing a long period of drought people here hope they'll be able to welcome foreign tourists back by next easter. and i mention those drastic figures for american airlines traffic around the world is almost at a standstill travel restrictions as in the majority of flights canceled i think planes empty of passengers but allies like you have tons of them filling them with

something else the flight from lima to frankfurt to more than 13 hours the boeing 747 was the last rescue flight that looked tenser carried out on behalf of the german government. on board flight 341 almost $280.00 passengers who were happy to be back on german soil it was also a special flight for the crew because of the coronavirus crisis they weren't looking forward to the end of their working day as they usually do. we will be working far less this month i just had this one flight it doesn't look like there will be much next month by either we don't know how long this will last nobody does and of course we are worried. look turns or has canceled 96 percent of all passenger flights jutes the international travel restrictions. and it's now trying to get at least a few planes in the air. to do this technicians remove the seats.

large nets a stretch where the person just normally set this up us is now ready to transport boxes impossibles. freight is piling up in shipping companies warehouses because nearly every passenger plane also carries freight and since most liners have remained on the ground that freight is going nowhere. but a new plan for dumping a lot of phrases flown in the bellies of planes especially on transatlantic and long haul flights right now this capacity is absent from the market 90 percent of passenger aircraft have disappeared on their cargo holds are no longer available to us that's about 50 percent of total freight capacity up at the feet and. less capacity means rising prices sending a kilogram of freight from china to germany now costs 5 times as much as it did before the pandemic that's why these repurposed passenger jets travel between china

and front fast every day mostly carrying protective equipment to mosques similar special flights also go to munich this isn't reached it's an ambivalent feeling under the circumstances it's good that we can do our part to help but of course it would be much better of the receipts on board with passengers sitting in them and if possible but all those seats have been sold as a typical for. the additional cargo flights are only providing work for a few look times for employees it's almost all flight attendants and most pilots are being furloughed and with the uncertainty over the airline's future. and the coronavirus pandemic has seen the return of some unusual practices around the world as people call on tried and tested methods to get themselves through morning cuba patio picks happen making a comeback cubans have taken to raring the animals themselves in whatever space they have because of a severe shortage of poor with markets closed the meats prices doubled making it

cheaper to rid the pigs yourself a practice was common during cuba's economic crisis 3 decades ago now pigs are being kept in gardens kitchens and even bathrooms. in my part i would say there's already a pig around my place as a for me in the business team here in berlin you can buy more from those that slash business also on facebook and twitter thanks for joining us.

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