tv DW News - News Deutsche Welle July 30, 2020 8:00pm-8:16pm CEST
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the but. this is the way news line from berlin seeing read the pandemic weeks havoc on the world economy coronavirus decimates the united states g.d.p. shrinking it by a 3rd while the virus also ravaging europe's biggest economy germany years worth of growth he wiped out across the world in a matter of months plus an adult child close the idea of delaying november's
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presidential election he claims mail in voting will make the vote the most in accurate and strong feelings in history. on my life thank you so much for your company everyone while we start off with the latest victim of the coronavirus pandemic the us economy it shrank by a stunning 33 percent well that's according to figures are released today by the government but it's worth mentioning that if the u.s. counted g.d.p. like europe does then it would only have fallen by 10 percent still a huge quarterly contraction is the biggest since records began in 1947 it covers the months april to june when large parts of the u.s. economy were brought to a standstill due to pandemic log downs and weekly jobless claims have risen
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slightly suggesting that any tentative recovery will be slow. neither the stock market crash nor the oil price shock managed what this tiny virus has done the fruits of 10 years of growth were wiped out within weeks the german economy collapsed in march but the federal statistics office says the full force of the crisis is only now being reflected in the numbers. a 10 point one percent decline in the 2nd quarter has never been anything like it everything has suffered exports imports services investment it's only thanks to a mess of intervention by the state unemployment hasn't gone through the roof around $7000000.00 germans are currently on so-called short time work they work less and the state pays part of their wages economic observers are divided some say the german economy is already on a recovery course others are bracing for
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a tsunami of bankruptcies. are want to delve now a little a deeper into those the g.d.p. figures with bruno for strata he is senior economist at lakefield partners in a very good day the biggest contractions since 1947 i mean that is his story how worried are you. well i'm actually very wary of a clearly this is a historically never seen before all economic handbooks that we had need to be rewritten and will be written unfortunately we don't know yet how much the recovery will do we have seen the contraction part now the question will be how much of the recovery will be see the hope is clearly that this will be a recovery which is also in the history books as the fastest recovery ever however what seems to be clear now is that the industries which were hardest hit are also
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the biggest employers and that is the biggest fear not only of economists but also of the governments that this will be a jobless recovery and d.l.'s the city in europe which is by definition very low will be even lower and will search also have an impact on the consumers all right well let's focus now on this historic number and the slump that we're seeing right now is there hope that this is the bottom of the curve or could we possibly go even lower. i think we could go lower of course what the government has tried to do each in their own way is to bridge the loss of income and of revenue for companies of course there's a limited time budget that they have to do that and also a financial budget that needs to be paid for that clearly there are team together with the central banks which make sure that they can finance that for
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a long time but the fear is that if there is a flare up of the number of new cases and in case of the 2nd wave more towards the autumn that that will effect again and that there will be a lot down maybe not as forceful as the 1st one but that will have a negative economic impact as well all right now both the u.s. and germany u.s. the largest economy in the world germany the largest economy in the european union experiencing these dizzying contractions economic distress contractions which economy has been hit hard i know the numbers are very different but who will recover sooner you think. well i think that's a question that needs to be answered by a medical specialist i think what we've seen is the 1st wave hit china then it went to europe and now it's in the us and in the emerging markets i think that's how the
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economies will eventually recover. unless of course there is a medicine that is very helpful and if there is a vaccine then it depends on who will have the 1st vaccine so that race is all but typically and that's also the reason why the dollar is weakening a bit because europe is coming out of it 1st the question is more how will they come out will they come out with the jobs recovered will as such a deed the consumer have the confidence or will that not happen the chance of europe having a high jobless recovery or job recovery is clearly lower than and u.s. so the u.s. will bounce back a bit faster but it will take more time so you think the u.s. economy is more resilient than the german or economy i think they are because also the composition they're a bit more technology oriented looking at the dax for example 80 percent of the companies would be typically classified as cyclical companies it's very highly
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export oriented so if the world doesn't open up exports will not open up and it will take more time u.s. has more heavy weight on the technology which seems to be one of the sectors that benefited from the lockdown right through no where 1st that a senior economist at lakefield partner said thank you sir thank you. and just moments after the u.s. released the worst g.d.p. numbers on record u.s. president donald trump suggested delaying the 2020 election until he says it becomes safer to vote unhindered by coronavirus related restrictions well the president took to twitter to say that quote universal mail in voting would make the election the most in accurate and fraudulent in history he then went on to ask delivery election until people can properly securely and safely vote well trump is currently lagging in the opinion polls only congress can change the date which is
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set by law for november 3rd. and earlier i had the opportunity to speak to our washington correspondent over salad and asked him whether there was any substance to president trump's claim that mail in voting is prone to fraud. the president exactly claims but does not really deliver substantial proof to back this claim and the only argument he's putting forward in fact is that mailing voting by mail is insecure and in fact there are studies who have looked at this from a closer view point and they say that there is no hard evidence to prove this claim so the question then is of course why is donald trump doing that and there is just one assumption and that is looking at how politicized wearing a mask here is in the united states you just have to look at president trump's texas really yesterday were hardly anyone was wearing a mask or says if you look at democrats or democratic strongholds just go on the
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streets here in washington d.c. where almost everyone is wearing a mask so the assumption is that democrats are taking that threat posed by the corona virus more seriously therefore prone to vote by mail whereas republicans would rather vote in person and then if you look at president trump's polls there are turning that are going down recently so trump trying to turn the tide here is what critics are fearing and that he's testing the waters 'd and seeing how far he can go with his ideas all of us out there speaking to me just moments ago all right so much more news that we want to tell you about here some of the other stories making headlines this hour. former republican presidential candidate herman cain has died after contracting covert 19 he rose to prominence in the food industry before switching to politics in co-chair of black voices for trump who is hospitalized less than 2 weeks after attending the president's oklahoma campaign rally in june he was 74. the u.s.
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administration has agreed to gradually would draw the federal police from the city of portland oregon after weeks of clashes with protesters a local authorities have criticized the agency's presence saying it made matters worse washington said the officers were needed to protect federal court buildings. a special prosecutor in switzerland has opened a criminal case against the 1st president johnny in frontino the charges relate to see what meeting he is supposed to have held with the swiss attorney general michael lauder in 20162017 in fancy you know was reelected president of football's international governing body just last year. hong kong authorities have disqualified a dozen pro-democracy candidates from running an upcoming elections the government said they had failed to uphold the city's constitution well among those barred is
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promise activist joshua wong he set the decision showed a total disregard for the will of the people of hong kong. now to something truly out of this world nasa has just launched a new mission to mars to search for signs of life for an atlas 5 rocket blasted off from cape canaveral florida earlier on thursday on board it is perseverence nasa is new rover that will take rock samples and help scientists to study the martian surface like never before is equipped with the most complex world body existing nasa has ever developed when it you know. they're very busy to send will testify to new navigation system it's an autopilot designed to work at the best talk at night cation and steer towards it. it's supposed to make touchdown and safer and more precise. the road for is aiming
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for this riverbed in the is there a crater. perseverance when investigated surroundings with cameras and measuring devices. research is hoped the data will get the new insights into the geology and climatic history of mas but perseverance has another job too to search for signs of life. we probably won't find old d.n.a. or anything like data on mars us but we might find rocks that were formed by biological processes that's what we're expecting or at least we're hoping. must said has been specially developed to search for these traces of life. it has 2 cameras which can deliver detail to color photographs in 3 d. the camera system also has an advanced zoom to help research to see tiny patterns
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and structures in the rock the all. there is our team leader is a professor in arizona and he always puts it like this imagine you're sitting in the stands of a football stadium at the goal and you can see a fly buzzing around between the goal posts at the other end. of. the mission is also sending a small helicopter to mars. its job is to carry out autonomous test flights where it controls the whole process by itself. it's propellers have to spin 8 times as fast as on earth because the atmosphere of mars is so thin. since the 1st flight attempts it's taken engineers 5 years to get to this point. the missions most important goal is to collect rock samples examine them and pack them ready for transport to do this perseverance is fitted with the most complex robotic system
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nasa has ever developed. perseverance will deposit the samples on the surface of mars in 10 years. another rover will collect them and bring them to a launch pad iraq it will then carry them to a satellite in orbit which will finally bring the precious cargo. and some news now related to that we're getting reports that nasa is experiencing some technical issues we're going to keep you updated as more information comes and but for now let's go to the u.s. where this person right behind me he spent his entire life fighting for civil rights in the united states today representative john lewis is being mourned and celebrated at his funeral which is underway as we speak well the former icon of the civil rights movement died earlier this month at the age of $81.00 to show you now some impressions of the service and that's underway at the baptist church in atlanta georgia. john lewis believed in the log. he believed in
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humanity and he believed in america. he got into a lot of good travel along the way but let's not forget he also developed an absolutely uncanny ability to heal troubled waters i've come here today because like so many americans. all great debt to john laws and his forceful big mr lewis will be buried at the south you cemetery in atlanta near dr. more posters from nigeria you know does what many would sponsor their unique. authentic. and successful beyond belief
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