Skip to main content

tv   Business - News  Deutsche Welle  February 1, 2022 12:15am-12:31am CET

12:15 am
has to finland at the european championships, is contracted into milan, was dissolved because it's least football rules for big players from playing with implanted defibrillators, which he had installed after his collapse. you're watching dw slide from berlin up next. the latest business with my colleague, stephen, betsy, and marina muhammad, as watching, take care. ah, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage 360. get the app now.
12:16 am
on the green, or do you feel worried about the planet me to a meal host of the on the grievance of cost. and to me, it's clear we need to change the solutions or out the join me for a deep dive into the green transformation. for me to do full of them. mm hm. oh, oh. all street braces for an end to easy money. january. that's a record for losses as investors anticipate higher borrowing rates and lower corporate profits. we'll look at which businesses are getting the hit, getting hit, the hardest. also on the show,
12:17 am
the fall out from an oil spill in ecuador continues threatening local water supplies in the countries, amazon region and spanish, orange growers, say they can't compete with overseas exports. they want the government to do something about it. long walk is a shell. i'm seeing fiercely in berlin. where is the american economy headed? the question investors around the world, but especially those in new york have spent recent weeks trying to answer. and that has made for a turbulent month on wall street. january is now the worst month for 2 major indexes. the s and p 500 and the dow jones industrial average since march 2020, both seeing volatile trading sessions across the month. as the government prepares to end its easy money policies, the kept borrowing cheap and pumped up company profits. the federal reserve announcing last week, it was raising borrowing rates and stopping a large scale purchase of loans. they kept cash in the economy. james sweeney joins me from new york for more on this. james. good the see you so
12:18 am
some wild ups and downs this month. what exactly are investor is trying to sort out here during the sessions? honestly, it's been quite frankly, a very interesting and very busy week on wall street, but people are trying the best to figure out is when will this a wild ride come to an end? because the month of january really was a roller coaster. right. we had, in fact, in a one week last week we had a 1000 point move on the upside, and a 1000 point move on the upside. we've seen so much activity go on. and the reason for the decline in the month of january, quite frankly, is the federal reserve, which continues to say that it will continue to live interest rates in the coming year. now it's priced into the market at 5 times the amount this year alone, which again has hurt quite a few love your value weighted companies and factors including the tech sector, as it configures that, operating costs will continue to rise and therefore hurt the markets all around as you said, the dow jones taking it hit the nasdaq in correction territory down more than 12
12:19 am
and a half percent heading towards closing belt. and the s and p 500. also having a bit of a rough start to the year 2020 to change. you mentioned those companies are you mentioned the sectors getting hit. what companies particular are we seeing is big winners and losers from what's going on right now? well, the big loser. well, the big loser sector is a tech netflix, spotify, tesla, all 3 of those companies taking quite a bit of a beating netflix took a hit because it's, it was in the tech sector. again, the federal reserve concerns continue to pay the wait for the drop in that company, but then it got a little bit of a reprieve today and on friday because of evaluation, upgraded from analyst. and the same thing also happen for a spot of fine. there's a little bit of a trend going on there, and if you're wondering what company did well, what company took off it was boeing after securing a $34000000.00 deal with contort airways this month. so that was up about 4 percent . a little bit of positive news overall. not that strong to start out the year.
12:20 am
alright, james sweeney at the end of last month on wall street, thanks very much. you're welcome. the u is meanwhile, seeing slower growth across its economies. new figures release today show the block, expanding 4 tenths of a percent in the last quarter. our countries are mean while recovering at different speeds. france saw its economy expand by 7 tenths of a percent. while the german economy contracted by the same amount. now earlier we spoke with neil wilson, his chief analyst at market dot com. we asked him why countries were fearing so differently. that the dragon in germany probably reflects the automotive output being being down quite sizable last year. that is a big problem for, for the eurozone economy. i think that the numbers in france were encouraging. but of course we're, we're doing with a pandemic that, that hits the eurozone economy. we were dealing with base effects all the time here . and it's hard to really get a handle where exactly we are. i think the keys to outlook where,
12:21 am
where things are going to be heading this year. the panoramic is less of a threat this year than ongoing supply chain and problems, ongoing chip shortages and ongoing inflation. laurie's near wilson, chief analysts, markets are com there. as he mentioned, of supply, put the supply problems rather especially pronounced in germany, which relies on parts and raw materials to manufacture for export. so what he do when those materials don't come in reliably or lively priced? well, here's one company solution. take look in the town of goods, spoke german ladder stool, and scaffold may come monkeys trying to stay one step ahead of the global supply chain shortage. it's invested 10000000 euros and a brand new warehouse to stockpile raw materials and components that have been difficult to source because of the pandemic. a shortage of magnesium from china had a knock on effect on monks alam minium supply. it also had trouble sourcing rubber
12:22 am
. 0 you say, natalie, i cannot hide movie yet, had in 40 years, i've never experienced such a shortage of material. mona, it's prevented us from making deliveries for months and this has been going on for over a year, is happy mine and for to gonzalez. mr. lee, all kinds of german firms of face supply issues scarcity of semiconductors has prompted germany and the rest of europe to consider how it source is crucial components for making cars and machinery. the u has pledged billions of euro's to produce the pieces in europe. but since the effects won't be immediate, it's changing how manufacturers, like monk, a conducting business meter on life, will stay in the long term. and i suspect that companies will have to find a new balance between speed and cost efficiency and their supply chains on the $1.00 hand and crisis resilience on the other one is done and lied to about him all
12:23 am
season. festus cried for monk. rethinking logistics is just the 1st wrong on the ladder towards getting back to some sense of normality. but go now to some of the other business stories making headlines around the world. the controversial nord stream to pipeline won't get approved any time soon. that's according to germany's federal network agency, russian owner, gods prom, has set up a german base subsidiary to meet legal requirements. but the agency says that further steps are missing. the pipeline has become a focal point. as russia increases troops on ukraine's border. german car maker dime lewis changing its name to mercedes benz group. the name change concludes a restructuring process that has seen a dime or truck business split from the auto group. mercedes benz is one of the best known brands on the planet valued at around 50000000000 euros when oil
12:24 am
spill in the amazon is spreading large quantities. oil have leaked out of a pipeline in ecuador after it was struck by landslide. officials. war, local water supplies are now at risk. it's an accident that environmental organizations have been warning about for years. toxic oil is spreading throughout this part of the amazon representatives of ecuador, indigenous peoples, fear the drinking water supply of thousands has been compromised. the private company o, c, p, ecuador, is trying to contain the damage and with a mile resume that we have taken precise him. rapid measures to control the spill barricaded. the ram mosacco de la repairs are underway and the spilled oil is being collected in basins. but the total extent of the damage is not yet clear. a landslide on friday cause the rupture in the nearly 500 kilometer long pipeline mazama squinty k avia. it's a large scale spill among the through. so you more it's believe that water sources
12:25 am
were affected with young af went as either because it's considered a category 3 spill referral for thicker philadelphia, we've requested the operator implement contingency measures, say to us appeal. many other companies can't here. i'll open a laura. such accidents are not uncommon in ecuador environmental associations. count an average of 2 weeks per week. the storage technology used is outdated and prone to failure, but the government wants to ramp up production and in the process penetrate deeper into the amazon over now to spain, where orange producers say that they see their businesses collapsing. their blaming unfair competition from abroad, especially from south africa. the prices have dropped so significantly that they say picking the fruit no longer pays off. these people have come to pick oranges and take them home for free. in desperation, the owners of the orange trees near valencia in eastern spain decided to give the
12:26 am
oranges away for nothing, rather than let the fruit wrought on the branches. hundreds of taken up the challenge. the glories are forced to let people pick oranges for free because of record shipments of south african oranges, a wrecking havoc on the spanish citrus sector. whereas on plymouth, on fairly cob. this is a very delicate problem. the look at the trees and what the owners limousine lead up with. they decided to offer the fruits for free rather than throw them away. but it is very upsetting to know the government doesn't offer financial help for these producers, ronald usaa throws on it. so i look at it on a limb and thoughtful when i'm is how i lost it and i would agree, don't ask me what the allow my grandparents were orange farmers are my grandfather used to give me oranges from our orchards picked early in the morning. this is something priceless now i think the orange is situation has to be we thought, and the situation has to change for the better. e. e. s though the way i can be, our prices have tumbled to kilo's of orange is cost one euro at a supermarket. but gore is at this farm,
12:27 am
only get $0.11 per kilo. that is less than the price of a plastic bag in the store. they argue that competition is unfair saying south african farmers use pesticides that york and producers do not. why unit toyota and gone through that there is a study which revealed the use of 27 different chemical substances used on south african orange trees band and the you know, that this leads to unfair competition between projects, from spain and from south africa, which could endanger a consumer health care point and believe, you know, less hello there can to me there. and they said we labeling where companies import oranges from africa and illegally label them as being produced in spain is a problem. so far, there has been no support from the government for the farmers here. they hope that pictures of people picking oranges for free can help raise awareness and bring about change. and here's a reminder. the top is the story we're following for you. january is now the worst
12:28 am
month for 2 major us indexes. the s p 500 and the dow jones industrial average since march 2020 votes. seeing volatile trading sessions across the month, as the federal reserve prepares to end. it's easy money policies that have kept borrowing cheap and pumped up company profits and that's it for me and the db business team here. berlin for more on these and other stories check on our website . he w dot com slash business. so you can visit, thanks for watching ah, living without a home close to a 1000000 people in germany are homeless in even with a job or a pension. they can't afford a permanent place to stay in their fate. is the result of
12:29 am
a housing market policy that was doomed to fail? why isn't more being done to help with the next on d w ah, the beginning of a story that moves us and takes us along for the ride. it's all about to perspective culture. information this is dw news and water d. w made from mines. oh thank soccer is
12:30 am
a sport of colors and the children in this mountain village. oh them all. but can every one b a don't with them regardless of gender? emma wears blue, the color of her favorite teen sexes. traditions prevent her from going to games and playing with an insurmountable obstacle. bloomed girl football on the peak that starts february 4th on d w. ah ah, thank. i don't think anybody in our society should have to live like this. i can take her up to 1000000 people in germany are considered homeless. many.

52 Views

info Stream Only

Uploaded by TV Archive on