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tv   Business - News  Deutsche Welle  May 8, 2020 5:15am-5:30am CEST

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stretch out and touch it. paul. told. mom ah it's a deadly sin i'm. going to and the whim of nature. good good motivates us to find friends to most mob greed. could be a social desire for me would motivate the tribes i wanted to be
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in danger. oh and why are we greek odds we go in search of answers in a documentary film. starts may 21st c w. m d. china gave stock markets a much welcome boost chinese exports proved far stronger than expected fueling hopes the asian powerhouse could soon support a 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 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 kopechne 1000 pandemic and its destructive effect on the global economy 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 whose official numbers are regularly touted by economists it may be a rise in exports of personal protective gear and other goods related to the pender make 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 global supply chain has proved to be problematic and motion issues
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will be looking at whether china in the medium and longer term can continue 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 you're seeing one thing 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 actually been gentle that genuine for now
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surprisingly good economic data can't cover up the strained relationship between 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 was treated to react to most. well i mean the figures from china are clearly worse
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a pleasant surprise because economists had expected another huge should drop in exports and obviously that did not happen well those figures probably won't be sustainable they had been quite some backlog go specially from some 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 it is a big where it started its year we live in a more and more digital world to especially and that's what wall street is betting on even if those figures from the labor market clearly are shocking and will also prove in the near future that people just won't spend it all as much as they've done before the crisis hit yes let's talk a little bit about the people we just saw about 3 young gentlemen passing but on
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the why is that street you're standing on in front of the the stock exchange is very empty how americans keeping fit these days. well 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 the peloton 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 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
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by 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 and scott in 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 right hating 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 ab ly and. and all for a brief look at some other business stories making the news around the world. the
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european commission wants to create a new office to find money laundering and financial crime within the e.u. according to a plans that mentions to member governments on thursday you officials have warned of a spike in financial crime during the kopechne. 110 demick. the bank of england is forecasting a record to 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 once 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
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local street chefs or hawkers had to switch gears for 2 it was as simple as 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 say spoke 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 as to the hotel workers. but they are easy if you don't have to like. people.
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they can't get there are you yeah i bet that if the 1st fight but i know they beat the bali help before i did because we don't want to reopen it once again you know like there are not things that good things aren't moving quite as fast in young gone 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 bangs as far away as you can guess from the assembly lines they're used to but for these furloughed car factory workers it's a lifeline. so you know this job is helping me pay my bills and it's also providing the money i need to get through the week. that i was i'm on the you know i don't see 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 are just one of a number of challenges the agricultural industry is facing it will be stalled we've seen reduced demand the behavior of the world's consumers has changed and it's changed because they're restricted from leaving their homes so their habits have changed completely food service distribution to restaurants and hotels no longer
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exists. to bury the pickton sources at this farm are destined for the united states growers hope the easing of for instructions there means they'll be a market for them for the laid off car plant workers what happened after harvests remains an open question. and that is your business update here on t.w. you can get more from asa to do w. dot com for what 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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close. to. the markets our. morning world. made in germany. on.
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may sound in time. but are a drain on natural resources guitars made of african. forests crossed the region are threatened the american guitar builder is taking responsibility. financing and winning reforesting. incoming. eco africa. 60 minutes d w. we know this is a scary time for the coronavirus is changing the world changing. so please take care of yourself good systems wash your hands if you can date and how
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we do w. are here for you we are working tirelessly to keep you informed on all of our platforms we're all in this together on together make it fair. to say to everyone. stay safe stay safe please stay safe. exactly in what area of technology are you permission. snap chat pinterest instagram twitter you know the big ones i'm surprised you didn't say facebook.