the dead hole, how people around the world are celebrating the lunar new year, which ashes in the year of the tiger. once again, the festivities are muted by concerns over the current subarus pandemic. in taiwan monks as the dharma drum mountain rang in the new year by striking the temple bell, $108.00 times. the ritual symbolizes the sweeping away of human worries when no actually w. news 5 from berlin, stick around super busy will be here with all the latest business. thanks. watching a buy people in trucks injured when trying to see the city center. more and more refugees

are being turned away as the border families played on the tax in syria to these current owners, wheeler demonstrated people lean extreme around us getting $200.00 people around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind to w. made for mines. ah, ah, well street braces for an end to easy money. january sets a record for losses as investors anticipate higher borrowing rates and lower

corporate profits. we'll look at which businesses are getting the head getting hit . the hardest also on the show, 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 alone. welcome to show, i'm from beardsley 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 training 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 the large scale purchase of loans. it kept cash in the economy. james sweeney joins me from new york for more on this. james, good the see you. so some wild ups and downs this month. what exactly are investors 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 to best to figure out is when will become wild ride come to an end because the month of january really was a roller coaster. right? we had, in fact, 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 can fears 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 incorruption territory down more than 12 and a half percent heading towards the closing bell. 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 way for a drop in that company, but then it got a little bit of a reprieve today and on friday because of evaluation, upgrade 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 consort airways this month. so that was up about 4 percent . a little bit of positive news overall. not that strong this part of the year. alright, james sweeney at the end of last month on wall street. thank you 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 a automotive output being, being down quite sizable last year. that is a big problem for our, 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're, we're dealing with base effects all the time here, and it's hard to really get a handle where exactly we are. i think the is keys outlook where, where things are going to be heading this year than demik is less of a threat this year than ongoing supply chain and problems, ongoing chip shortages and ongoing inflation where it no wilson, chief analysts, markets are com there. as he mentioned of supply plus 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 ella, minium supply. it also had trouble sourcing rubber. the se, madry, i cannot hide movie yet, had been 40 years. i've never experienced such a shortage of material or not. it's prevented us from making deliveries for months . and this has been going on for over a year. is happy meaningful to gonzales nearly all kinds of german firms have faced supply issues. scarcity of semiconductors has prompted germany and the rest of europe to consider how it sources 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 matter online 1st 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 one hand and crisis resilience on the other. one, the unknowns i to about a mile season. festus credit for monk re thinking logistics is just the 1st rung 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. when you cranes border german car maker dime, learners changing its name to mercedes benz group. the name change concludes a restructuring process that has seen the 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 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, a corridor is trying to contain the damage and with a mile resume that we have taken precise and rapid measures to control the spill. but again, the ram is 2nd to le 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. lima squinty,

k avia. it's a large scale spill among the through. so you more it's believe that water sources were affected with young af went as either because it's considered a category 3 spill referral, for thicker local theater. we requested the operator implement contingency measures her to us appeal many other countries. kathy, i'll open a laura. such accidents are not uncommon in ecuador environmental associations. count an average of 2 leaks 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 oranges away for nothing, rather than let the fruit wrought on the branches. hundreds of taken up the challenge. the growers are forced to let people pick oranges for free because of record shipments of south african oranges or wrecking havoc on the spanish citrus sector. whereas on plymouth, on fairly gob. or this is a very delicate problem in look at the trees and what the owners limousine let up with. they decided to offer the fruits for free. i rather than throw them away. but it is very upsetting to know the government doesn't offer financial help for these producers. lewis, i was gonna say, i look at it on a limb and thoughtful when i was how i loved it. and i would agree thought a as in now when the allowing my grandparents were orange farm and 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 2 kilos of orange is cost $1.00 euro at a supermarket, but groceries at this farm 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 your can produce was do not or 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 consumer health care, born in billing. no 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 business story we're following for you. january is now the worst month for 2 major us indexes. the s and p 500 and the dow jones industrial average since march 2020 votes. seeing volatile trading sessions across the month, as the federal reserve prepares, the end. it's easy money policies that have kept borrowing cheap and pumped off company profits and that's it for me and the database business team here. berlin for more on these and other stories check on our website, w dot com slash business saving. beardsley, thanks for watching. living without a home, oh, close to

a 1000000 people in germany are homeless. even with a job or a pension, they can't afford a permanent place to stay. their fate is the result of a housing market policy that was doomed to fail. why isn't more being done to help clues on ah, next on d, w. yes. mm. mm. foaming my stock reading bible studies. that's all they need for 200 years. the same way of life. really insights into the remote world of mennonites. in 45 minutes on d w ah,

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thank. i don't think anybody in our society should have to leave like the.