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discover new adventures in 360 degrees. to explore fascinating world heritage sites. p.w. world heritage 360 you get here now. the u.s. trade deficit widened as exports tumbled but investors take the news in stride focusing more on positive data we go live to new york for more also coming up a german comic has demands another cash for clunkers scheme to boost sluggish sales but bilin is reluctant to comply. the german flagship could also do with some state aid but isn't so keen on the strings that could come attached.

come to do the business i want to joe good to have you with us and we're starting in the united states where the coronavirus is not. causing havoc in the health sector but also widening the country's trade deficit the commerce department has reported that the gap between what the united states sells and 20 buys abroad widened 11.6 percent in march with exports falling almost 10 percent on plunging orders for cars auto parts and industrial machines. well for more let's cross over to yen score to in new york and exports a tumbling almost 10 percent how's that going down on the trading floor well i mean investors those days they ignore a lot of the fact that we're getting they're looking at the treasury they're looking at the federal reserve were throwing trillions of dollars at the crisis and that at least keeps the stock market going if the nasdaq composite by the way is

less than 2 percent away from where it started the year one reason why exports dropped so much by the way was also tourism so people coming to the united states that's also considered an export and we all know what happened to the tourism industry but saying so seem to be picking up again the u.s. is now also restarting its economy despite many more new cases how come. yeah it actually does happen at a very crucial time latest estimates are that through till the end of the month so we will have $200000.00 new cases in the united states around $3000.00 people might die each and every single day in the united states and then still you have companies like starbucks for example who announced that probably by the end of the week 85 percent of u.s. stores will open clearly not was the same revenue there won't be sitting at

restaurants but you can take away your coffee or tea or to do it through a drive through is but yes slowly the country is reopening but 1st of all it's slow and then we also have to see if the customers are really coming because as you can tell in the united states cases are still increasing you know i didn't call it to take care of yourself and thank you so much and cut in new york. representatives of jimmy's powerful automotive industry have held talks with chancellor angela merkel come makers want the government to offer cash incentives to cobb i.a.s. to help demand recover from the coronavirus slump but not everyone is keen on the idea. no tax money for gas guzzlers that's the message environmental activists unfurled outside angle america's office window ahead of her crunch meeting with car industry bosses the german chancellor has a lot on her plate at the moment but the future of the car industry may be the

toughest challenge. these are dark days for carmakers folks bargain may have projected an image of its logo eating the coronavirus but the truth is this pandemic has sent its sector into its deepest slump since 1991 peter we use chief echoed carmakers demands on a recent visits to a reopened plant. and we're concerned that a car is not foremost in the minds of our potential customers right now so we'd be happy if politicians would deal with this issue to offer consumption incentives i believe this is extremely important in these times. in the showrooms to dealers are hoping for something that will ignite sales some of them haven't sold a car in weeks these are tough times in the 2nd test car business demand is down 80 percent the only thing running your normal levels is bulk purchases such as large

companies they are still ordering vehicles. many in the sector want to see purchasing incentives and a cash for old car scheme introduced. after the talks and the protesters wrapped up for the day the government said any stimulus willing to push the auto industry towards more innovative technologies. discussions are due to continue next month. after weeks of flight cancellations germany. is also in desperate need of help the german government is willing to step in but it is unclear what the terms of a bailout will be the company has been holding an online shareholder conference in which it made its position clear. that the crews smiles at the check in and most importantly planes flying high in the sky this is how tons of sees its future. asked for now the reality is to sort of counters and ground

planes like other airlines around the world the german flag carrier has been pretty much put out of business by covert 19 with almost all flights canceled on any given day no more than $3000.00 passengers are boarding one of the few remaining connections less than one percent of lufthansa's normal capacity the company's burning through cash losing $1000000.00 euros per hour at that rate of tons of cash reserves will be depleted by late summer at the annual meeting online c.e.o. carson schwarm made it clear the company is in desperate need for a bailout. for a line. we can't make it alone we need support right now the very future of lufthansa is at stake. with the help of our government goal must be to

prevent insolvency. but berlin seems weary to just sign a check the government is eyeing a 25 percent stake in the company not what look terms i has in mind. because in. we got into this crisis through no fault of our own. now we need state support but we don't need state management the numbers are on shore side 29 team was the year of record passenger numbers and record revenue full of tons of the company now worries however that the government might have ideas that run counter to its old plans like securing jobs whereas management had plans to shrink the airline by 100 planes and 10000 employees in an effort to remain profitable discussions over loved ones as future continue management doesn't see blue skies until at least 2023 . africa's aviation industry accounts for well over $6000000.00 jobs before the

coronavirus hit it was a rapidly growing sector with annual expansion of around 5 percent now the pandemic is threatening to jeopardize its future the international air transport association is expecting a $6000000000.00 reduction in passenger revenue in africa this year compared with 2019 this look could lead to the loss of some $3100000.00 jobs in other words half of the sectors employees could be let go south africa is among the countries that have been hardest hit to the quarter of a 1000000 jobs they're at risk state and south african airways was in trouble long before the pandemic it's a viable now lies in the balance of a more let's bring in our correspondent in nairobi joy the reindeer are good to have you with us tell me what are african governments doing to support their lines . monica african airlines are doing quite a bit can do more i especially for that or you be doing aviation industry are on

the continent if you've been airlines that has already were lost about 550000000 dollars so far and he's also state owned has been trying as much as it can to benefit more from cargo and shelves we see is is which is an island country as well has now waived london and parking fees for all airlines that are learning in the country senegalese ease in west africa at the moment has invested $128000000.00 u.s. dollars in the tourism and transportation sector is doing to help boost the airlines across the continent south africa as well as deferred payrolls for most of the industries there and that means that the transportation sector is to benefit from some of these relief mission is that enough to keep them afloat.

definitely not because the revenue base already has been struggling for most of the airlines and this means that the government might just have to do more or the african governments might just have to do more to help these airlines stay afloat kenya airways for example has been capitalizing on a couple they've called up to 4 of the aircraft to have transportation aircrafts that is the passenger aircraft and this is helping to generate revenue and means the prices just briefly up what would happen if an airline such as ethiopian actually went bankrupt. it would actually be a big blow not just to ethiopia back to the rest of the continent if you've been airlines has to be the biggest airline on the continent to employees about 500000 people so if it was to announce bankruptcy right now

that would mean that all of $500000.00 jobs would be lost and add to about $3000000000.00 u.s. dollars worth of revenue in the aviation sector as well lost because the african continent in general makes about $6000000000.00 u.s. dollars worth of revenue from the aviation sector. rather than iraq be thank you so much. and that's it for me and the business team here in berlin you can get more from os online a d w dot com thanks for joining us and susan. ceiling

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