i see assured. the capitol would sound the biggest composer of all time i can't even begin to imagine a world class one player senlis on a musical journey of discovery. go home without having to start september 16th d.w. . asked. democratic presidential candidate joe biden promise is a way out of the economic crisis triggered by the coronavirus can damage can he deliver. also on the show deleted from the wire card kiss has its place on germany's blue chip index goodbye as it finally hit the ground after a breathtaking fall from grace. this is the w. business under nelda mullen in berlin thanks for joining us joe biden has pledged

to get the coronavirus crisis under control and rebuild an economy in tatters if he becomes president but how hard will it be to convince the american people well here's one county where voters have backed everyone in presidential candidate since 964 but this year the winner is harder to call. they were punching the air on wall street this week after b.s. and p. 500 reached an all time high the economic rule acosta right left corporate america feeling bullish. but across the country in wisconsin many are scratching their heads like dairy farmer ciro lloyd she says that despite the damage of trade wars on the coronavirus she is still undecided. i need the democrats to step up. and when they are like 0 7 i don't know people vote for us you're not offering them

anything useful i mean all of our farms are going bankrupt because we cannot compete in this increasingly come holiday to the economy and they're not offering us anything to do to fix that. they're. finding solutions in an increasingly divided america is the challenge of this election 12000000 people are out of work. the economy took a historic plunge in the last quarter 19 has brought the country to its knees yet don't know trump's appeal still who even for this festival organizer who voted for barack obama in 2012 i will vote and i feel as if ovo donald trump 100 percent not something dramatic happens because he has a record now we it's proven what he's done seems good and that's that but there are many who see the president feel we have to take the pond demick seriously has

exacerbated the crisis i feel that the stakes are too high i feel that donald trump has been a worse president than i could have imagined. the world's biggest economy faces its toughest tunnel run since the great depression and the disconnect between wall street on main street seems whiter than ever. and you would dare founder of d.c. berlin consulting joins us now he specializes in u.s. public policy andrew let's pick that right up so americans are divided on trump's economic record who's right well i guess it depends on how you look at it i mean in the general the trump of ministration of course is you know says the so-called great american comeback the pandemic was you know it happened through no fault of their own which is true but then the question is. who's responsible for the management of it and the answer is the trump administration so in many ways this election will ultimately be

a referendum on how this is ministration has managed the pandemic now joe biden has been pushing a promise of job creation of being the person to pick up the pieces of an economy shattered by the current virus crisis to your mind is he that person. well joe biden's just spoke a few hours ago and accepted the nomination at the democratic national convention and gave a compelling speech about his vision for. an economic recovery so i think. he has laid out a vision that without an economic recovery or without pandemic management the economic recovery cannot occur so that's his and his focus is. managing the pandemic and recovering keeping our social does he now among his economic plans of course are to spend 2 trillion dollars over the next 4 years to

use climate policy to reason wrecked the u.s. economy now that's not without controversy is it. know it's not. well interestingly the biden campaign has ramped up its climate policy over the last couple of months you know it is climate policy during the democratic primary what would be considered on the relatively modest end of things compared to candidates like elizabeth warren a very bernie sanders but what we've seen after the pandemic is in the coal ass hole that's the end of the democratic party is that joe biden has risen to the occasion and met this moment. and has really embraced a much more aggressive much more. ambitious climate policy to spend 2 trillion dollars over the next 4 years those are numbers that we

really would not have believed even 6 months ago but now with congress and with governments in spending money on it spending mode. it's much more feasible to do that. now looking at the world at large the strong administration of course has led trade wars and cross border economic disputes well kind of approach do you think biden would take to global trade. well interesting legionella i think this is one of the areas where by and expected to. where i think we'll see some continuity with the travel prochoice in some areas especially with respect to china i mean that is an area where there is a lot of bipartisanship in washington. so i wouldn't expect you know u.s. tariffs on chinese goods to go away any time soon even under a biden ministration. in terms of the export controls and these other restrictions similarly there may be some. you know some sort of changes around the edges but i

wouldn't expect anything major in that sense where i think we will see changes is with respect to allies so you know the national security tariffs for example on europe on and canada i think those will be gone and i think that might even be you know a day one type of thing that biden can do to reassure allies and to ease some of these global trade tensions thank you very much andrea there from d.c. berlin consulting the scandal ridden payment survive services company wire card is being kicked out of germany's blue chip dax index today the company is mired in a 2000000000 euro accounting and money laundering affair wire card spectacular fall from grace has led to criticism of german regulators and politicians for their failure to detect and prevent it the finance ministry says there were complaints of possible money laundering as early as february but these had not been followed up

the scandal has sparked calls for better financial supervision. i'm joined now by our financial correspondents and frank ferguson andrea hang in singapore welcome to both only so this is a bookend to what's been quite to embarrassing sagal for germany's financial sector wire car getting booted out of the dax isn't that the extent of the reckoning we're going to see you know there's going to have to be much more you just mentioned the german financial supervision there's going to have to be reform there the finance minister in berlin all of folds has announced as much and almost certainly a change of leadership there as a consequence the doctor bills of the stock market operator has announced that it's looking at further rule changes and. considering presenting that till the end of the year no details will have to wait and see what that means you countenance the

people who are responsible for signing off on the books and making sure that everything is correct there they sure slept soundly through a lot of it and even if they had suspicions kept them to themselves for too long surely there's going to be consequences for the companies and for the sector and also of course the current leadership will have to reckon in front of a court people are in jail top executives and they'll surely be indicted and perhaps sentence after a very complicated trial i assume lots of people in trouble in germany but under a single core is the whole of wire card sizeable in asia pacific operations well costing what's happening there. well the vesa gate is here actually have been pretty quietly busy. since as early as last year actually so and that's what prompted d.s. investigations last year was a saw an employee at singapore who became

a whistleblower of sorts this person or went to the authorities alleging that someone in the finance department had been engaging in accounting breaches and so in june this year regulators then started to dig deep into the investigation and what culminated from that was the recent arrest some time ago about a couple of weeks ago of a director of the cult citadel in singapore and he's been charged with a some of those beaches and that's a company he's what he works for a company that has provided training and accounting advice. to the to the scandal involving. now wire cart is out of the docks but the livery hero is in what are your thoughts. well there's lots of concerned faces when you talk to them about delivery hero it's not exactly a natural candidate for the doc sure it meets the official prettier that the stock

market operator has set out but many are calling for those criteria to change in order to prevent something like this delivery hero has a fantastic growth story sounds fantastic that is fantastic good it's profiting from the pandemic people ordering in like crazy and the stock has exploded but it doesn't make a profit and last year it sold its operations in germany yet it's a member of the prestige dax index thank you to you both to andrea hang in singapore and to barts in frankfurt was also marking his very last day with us after more than 20 years early on behalf of all of us at v.w. business thank you so much for your reporting from the frankfurt stock exchange over those years it won't be the same without you but we wish you the very best. thank you very much i wish you the very best as well thank you for all those years . now to some of the other global business stories making

news. the coronavirus epidemic has hit revenues at hamburg germany his biggest port in the 1st half of this year cargo housing was down 12 percent around $61000000.00 tons of goods were loaded or unloaded in hamburg the biggest decline was in imported goods. and that's all from me and the business team here in berlin if you want more from us check out our website at v.w. dot com slash business we're also on facebook and on twitter thanks for joining us and take care.

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through the tax and weekly radio show is called spectrum if you would like. information on the chrono larysa or any other science topic you should really check out our podcast so you can get your podcast you can also find us at. science. in crisis coronavirus restrictions are forcing the entertainment industry to get creative some of taking performances to the open in reinterpreting operators with a pandemic twist. socially distancing on stage and letting us laugh at our new reality. show you. know much more here in mexico fans can still enjoy their favorite gems as long as they do it from the comfort of

their own cars. in serbia the seats are empty by design at this jazz festival it's streaming live online. should also lucian felt like music in the era of code 19. so is this new reality just as entertaining concert halls and reopening for performances and festivals in some countries but not for everyone at once and there are lots of new rules to follow the entertainment industry is desperate to get business going again many musicians aren't covered by government schemes to support freelancers and have had no other source of income.