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tv   Business - News  Deutsche Welle  May 8, 2020 1:15am-1:31am CEST

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you're watching the news don't forget you can keep in touch with the news on our web site that's dot com and you can follow us on twitter and on instagram at news. oh boy. it's a deadly sin. and a women's nature. is motivates us. and threatens to most. greet. the should we desire. that drives our. country to sit in
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danger. while only greedy. we go in search of answers when a documentary film. starts may 21st d.w. . such. china gave stock markets a much wellcome boost chinese exports proved far stronger than expected fueling hopes the asian powerhouse could soon support global growth again. and street vendors in asian cities have to reinvent their business model to stay in business. and without a very warm welcome to d.w. business i'm going to get johnson berlin and we're starting with some surprise data coming out of china where exports rose in april for the 1st time this year despite
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the ongoing kopek 1000 pandemic and its destructive effect on the global economy a behind the scenes trouble is brewing. china's overseas sales were up 3.5 percent for the month of april that's according to the government in beijing who's official numbers are regularly touted by economists it may be a rise in exports of personal protective gear and other goods related to the pen demick that helps china's numbers but those effects may be short lived meanwhile economists expect trouble on the horizon for china and it is not because of the tension between beijing and washington he spat between nutrition and sheer ministration i don't think is terribly important what is much more important is the fact that it pulls of climate change has proved to be problematic and it motion issues will be looking at whether china in the medium and longer term can continue
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to be seen and say we are liable supplier. while the coronavirus crisis is threatening china's role within the global economy the spat between the white house and beijing is certainly not helping us president trump on wednesday compared the pandemic to an attack against the united states and drew parallels to pearl harbor and 911 trump has also threatened to put an end to a trade agreement long in the works chinese trade negotiators reacted quickly you want your son wealthy if they see the pandemic can be compared to poor harbor or 911 the enemy the u.s. faces is the novel coronavirus when faced with humanity's struggle with the same virus i think the us should fight side by side with china as comrades in arms instead of enemies me only gentoo that genuine for now surprisingly good economic data can't cover up the strained relationship between
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the world's 2 largest economies. well meanwhile the pandemic is causing havoc on the in the united states labor market new figures out today show that 3200000 americans filed for unemployment benefits last week as lock down measures devastated the u.s. economy even further it takes the total number of claims since early march to war then $33500000.00 on friday monthly figures are expected to show the jobless rate at a record high of 60 percent. and carter joins us now in new york and so a mixed bag of news today not necessarily nice unemployment figures in the u.s. but then surprisingly strong data from china are what did wall street react to most. well i mean the figures from china are clearly worse a pleasant surprise because economists said to expect that another huge should drop
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in exports and obviously that did not happen well those figures probably won't be sustainable they had been quite some backlog goes specially from southeast asian nations so the figures will get a bit worse in the next couple of weeks and months probably but still if you look at the market overall we see it to good knowledge ease shares on the rise and not just today but also in the past a couple of weeks actually than a stock called because if there's a big where it started its year we live in a more and more digital world to especially now and that's what wall street is betting on even if those figures from the labor market clearly are shocking and also prove in the near future that people just won't spend at all as much if they've done it before the crisis hit and let's talk a little bit about the people we just saw about 3 young gentleman passing but
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otherwise that story just standing on in front of the stock exchange is very empty how americans keeping fit these days. well it's part of them do it indoors for example with indoor bicycled so your if the company peloton which went public last fall whose cable came out with quarterly results and the amount clearly is surpassing the inventory of pellets on the company is not profitable yet but they saw a huge spike in revenue and that stock alone was up by a good jim 16 percent it is a bitch to a surprise because as we mentioned the labor market looks a really shocking a lot of people being unemployed and you wonder where people find the resources to buy the bikes or treadmill so from peloton no cost to and $4000.00 up myself by
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the way i came here by bike from brooklyn so i don't use of public transport you have to takes me about an hour from home here to wall street and another hour back home so that's my exercise for the day yes that sounds very familiar i do the same here on the island take care of yourself you had to go to new york. nobody says it's cutting 3700 of its full time staff because of a drop in business during the corona virus outbreak the rise holding company says the worst case scenario could see the number of passengers fall by 80 percent this year has been offering up to 2 weeks of financial support to drive us to a quarantined the firm's food delivery service it's a seen an increase in business it's also full to the company is in talks to invest $170000000.00 in school to high after lying. and all for a brief look at some other business stories making the news around the world. the european commission wants to create
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a new office to find money laundering and financial crime within the e.u. according to a plan submitted to member governments on thursday you officials have warned of a spike in financial crime doing the kopechne. 1000 pandemic. the bank of england is forecasting a record drop in the u.k.'s annual economic output this year the central bank expects g.d.p. to fall by 14 percent due to the novel coronavirus pandemic and wants the downturn could last well into 2021. well normally food vendors are an essential part of everyday life in asian cities but their business has been hit hard by the pandemic they have to come up with creative new ideas to keep selling. for years melvin chew has been preparing delicious food at a street corner in singapore but with their stalls closed and tables sealed off local street chefs or hawkers had to switch gears for 2 it was as simple as
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starting a facebook group to connect cook sent customers. for. there are a lot of supporters who have been sharing this facebook group. a lot of them have also been helping out some of the hawkers so this actually brings out the passion and the love for singapore hawkers food. to space book group pass quickly grown to a quarter 1000000 fans. meanwhile street vendors in bangkok are pulling together to set up a delivery system the food is brought to what used to be a busy hotel here it is packaged and sent out to customers the cooks benefit ass to the hotel workers. but buried here we don't have to wait let our people.
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pick and get this fiery yeah and that and that if the 1st fight but another be the bali help people are right here because we don't want to reopen it once again no place to move no off nothing that good things aren't moving quite as fast and young go on myanmar's largest city. volunteers are delivering face masks to protect those vendors who lack the means to change their business model. we are afraid of the virus we read that it kills people but we can't make a living if we can't work we have to think of our family. whether it's simple masts or new ways to connect asia street chefs are cooking up creative ideas to stay afloat. and staying afloat is also on the minds of factory workers in mexico who out of a job due to the pandemic our next report takes us to
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a farm where they're getting a taste of a new occupation. this is not how they expected to be spending spring time the work of picking berries or bands as far away as you can guess from the assembly lines they're used to but for these for load car factory workers it's a lifeline. so you know so this job is helping me pay my bills and it's also providing the money i need to get through the week. and that i was among the you know it's a mutually beneficial arrangement around the world lockdowns have put pressure on farmers who rely on seasonal workers from abroad lack of labor just one of a number of challenges the agricultural industry is facing it will be still we've seen reduced demand at the behavior of the world's consumers has changed and it's changed because they're restricted from leaving their homes their habits have changed completely food service distribution to restaurants and hotels no longer
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exists. within the existing berries picton sources at this farm are destined for the united states growers hope the easing of frustrations there means they'll be a market for them for the laid off car plant workers what happens after harvests remains an open question. and that is your business update here on t.w. you can get more from us at dot com forward slash business and of course we're also on facebook and twitter for now for me and the team in berlin thanks for keeping us company.
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on leaving survived the nazis persecution and holocaust are non jewish friends in berlin helped to remain very close to her rescuers all her life the german resistance memorial center in berlin commemorates these unsung heroes and their courageous engagement from the man. next on d w. sound enticing but are
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a drain on natural resources guitars made of african. forest across the region are threatened. american guitar builder is taking responsibility . financing reforest. for go. in 60 minutes on d. w. . o. . gemini which. any time any place. in music video never. have at the back of those. songs to sing along to download tickets to come back from
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super. to do. a varied course is put into the exercises are you talking about the d.w. dot com slashdot action and on facebook in the store. in german for free w. hello and welcome to focus on europe the corona crisis is still taking its toll on lives and businesses across the continent the tourism industry has been especially hard hit empty beaches empty restaurants empty airports no planes are bringing in holiday visitors even the world the famously.