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tv   Business - News  Deutsche Welle  February 5, 2022 4:15am-4:31am CET

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organizes will hope that the sporting action becomes the focus of the headlines. that's your news update at this hour. the business lines are coming up next with my colleague stephen beardsley says 24 that he has is more on our website at d. w dot com. i'm clear, richardson in for a link for me in the teams. thank you so much for joining us. with one of mankind's oldest ambition could be within reach or what is it really is possible to reverse aging researchers and scientists all over the world or in a race against time. the d. n. a molecule though has 28000000 different our glasses . they are peers and rivals with one during goal,
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2 out smart nature. one of the most insightful discoveries in the history of mankind. more life starts february 16th on dw. ah, a surprisingly positive jobs report for the us, the world's top economy, adding far more positions than expected in january, despite high infection numbers. they're just the latest figures depicting an economy in full recovery. also on the show wall street things amazons praises a day after punishing tech companies across the board will look back at a stormy week on trading floors and asked what exactly happened and a bad season for soybeans and corn in south america is ring farmers there and is
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pushing up brain prices around the world. blown welcome to the show. i'm seeing beardsley in berlin. few us added for more jobs than expected in january, adding to the picture of an economy in full recovery, and raising the likelihood of central bank intervention. more than 460000 positions were created in the month 3 times the number expected by analysts. now that despite higher rates of cobit infections, yields on us treasury's rows falling the report with investors bracing for borrowing rate hikes in the weeks ahead. now that report also updated last year's job totals by 200000 more positions. the unemployment rate actually rows. however, with more people joining the workforce during january, the u. s. economy remains behind is pre pandemic, job levels. however, it's still missing about 2 and a half 1000000 positions. let's go over to urines quarter in new york. yes. what does this job report tell us about the u. s. economy routes. even that
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report clearly was a stunner, especially after we got numbers from the private sector on wednesday and to drop i actually of more than $300000.00 jobs for the month of january. and we heard on wednesday, that is partly because there were less jobs and leisure and hospitality. now the report you on fridays showed there was a huge increase in jobs and leisure and hospitality of so whatever is going on there. but especially if you take this huge, a beads here on friday, then also the number of 4 november and december report to watch. so. so overall, in the past 3 months, in the united states, a good 1600000 jobs got created. so there is no other word, but this job market is pretty hot and very solid is clearly not great for everybody, but in general, very solid, very strong, a job report rates,
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the arising wages on top of it. and now it's only a question if the interest rates by 25, by 50 basis points to the next meeting in march, some technical issues there with your line. but believe we still have you, you want to ask another big thing on wall street today is a big day for amazon following some very solid earnings, closing up 14 percent more than 40 percent. what did investors like so much? and it was your question. even so what do they like because they were also a couple of things to not like for example, revenue came in lower than expect that the outlook on revenue doesn't look that great. but one of the big margin drivers, the cloud business that did very well, but the revenue increase of a good 40 percent. and then also playing in ever bigger, rolled for amazon and contributing roughly 10, a $1000000000.00 to revenue in the past the quarter. and especially after the speak
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met disappointment on thursday when that company only on thursday last, a good 230000000000 market cap. it was about company was that at least them amazon overall delivered. as you mentioned, the stock was up almost 14 percent young quarter in new york. thank you very much. well, it's been a volatile quarter for big tech, and daniel winter has been looking into that for us as right, steven has not even been your average wobbly quarter either. facebook owner met her made history when it lost more than $230000000000.00 in market value. it share price plunging 26 percent after saying it expects ad revenue and user numbers to fall. it was a similar story with netflix, which had been a panoramic winner, but disappointing subscriber growth pushed it share price down over 20 percent music stream. spotify also fell in value. overall ad revenue was strong,
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that boosted alphabet this week. apple also boxed the trend saying it was able to shake off worries about supply chain issues. setting plenty of i phones to top it off amazon's figures. as you mentioned, steve, we're riding high banks to its cloud computing. so it's not time to write off big tech just yet, but of course the stragglers will it take a closer look at our business model? see what impresses me about what's been happening. is these massive swing, so they're up 26 percent down 26 percent. i should say, we saw amazon down big yesterday up to day. why is there so much back and forth year? well, it's all due to liquidity in the market. basically, liquidity is low. what that means is that you can't just buy and sell without affecting the price. and so you've seen these massive leaps. now that's down in part, at least to the federal reserve. they're turning off the be quantity taps essentially . and also, you know, that the big investors are normally on board with these things and are only making their big bets. they're not making the small bet. so if you want to buy it,
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it's hard to do so. as you cinder, massive leaps of 1020 percent, it looks a lot more like crypto transactions than it does are those kind of what the scales? absolutely. yeah, absolutely. and we're talking about the pillars of the u. s. tech economy here. so it shouldn't really work by that, but maybe we'll have to get used to it. so daniel, what does the market want to see from these losers? well, of course, something like facebook, it's hard to see is that something that is inside this company, which is just part of its business model. it says that apples changers of its privacy features means that it can't track users so much anymore. which means that they can't target their advertising so keenly. an in our facebook relied on that in order to be able to get their high figures and the applicant just switch it offline . that perhaps to something much more deeper and ingrained in facebook whose parent company has met and share price slid all over the place in the past couple of days . and they need to take a closer look at themselves. each company though, has its own individual problems, which you will have to look at and sort out,
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but we're not talking about a much broader tech, a collapse. no, it is individual companies which are suffering, especially coming off the pandemic where some companies like netflix did really well. it's hard to see how they can sustain those figures going forward. so a lot of introspection going on in these tech companies right now. all right, daniel winter did your business breaking down for us, they were much give an out of some of the other little business stories making headlines, staying with tech messaging apps, snap chance, or it's share price search 60 percent after announcing its 1st quarterly net profit on thursday, daily user counts also rhodes rows, which analysts attribute to user growth in india where rival apt tick tock is banned. us automaker for reported nearly $18000000000.00 in that profit for 2021. that despite ship shortages and manufacturing slowdowns income was boosted by at stake, an electric truck start up revene and the earnings fell short of market expectations
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. however, and that caused shares to fall nearly 4 percent due to spain. socialist lead government has achieved one of its major labor reform goals, apparently by mistake. single vote was cast by a member of the opposing party in error. the member said, tilting the tight vote in favor of giving a quarter of the country's workflows workforce rather stronger employment protections by law. that vote cannot be reversed. offers it was drought than heat waves growing season for grains in south america has faced one problem after the other prospects for weak harvests are already pushing up prices and that has not gone affects around the world. drought and heat waves are having an impact on the farm of mathias lie use he cultivates crops and raises livestock in argentina's most productive agricultural area. but now the soil is severely damaged and the corn and soybean plants have
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dried up. the farmer believes the seasons harvest will be very small. local is the one of them on one man on the shoe. the plants are in very poor condition, a touch of indo corresponding, he se, up for 2 months. it hasn't rained properly. no. and for 10 days we've had bad weather for plant growth. he don't get upset around it that you are more important than the. the crop is getting worse and worse. we're in the middle of the time when the grains grow. maxie, mary, monday, our, whatever you have for us, and he's in our animal. these plants will yield very little over and are not profitable for the grower. i mean, we buckle, he no on a cell and telephone approval at the rosario green exchange. the 2nd largest reference exchange for soybeans after chicago. they've drastically lowered the forecast for this year's argentine crop. 14 percent less soy beans, 17 percent less corn. the last to producers here is estimated at $3000000000.00.
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markets have already factored in that argentina and all of south america will bring less grain to market. prices have risen to a 7 year high. it's like a year leopard, alex. anything that is collapse and expected production is much more dramatic than what other international institutions have anticipated. holloway, although prices in chicago have risen in recent weeks due to the weather conditions in south america. we believe there still a way to stabilize prices, even if these conditions persist strongly. fiennes will. however, even a soybean price of $500.00 per tonne will not make up for the loss in volume according to the farmer's lover. unfortunately, crops are doing badly. we'll do that lifestyle cartoon, but because the grass isn't growing as it should, maria, so the livestock industry is suffering of a cows need to eat a lot so they can have calves that are. and unfortunately the pastors are not as productive as they should be. a water molecule, but up all that it can, it will know that
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a metal the argentine government has set up an agricultural emergency fund, worth the equivalent of 50000000 euros to help farmers. but mathias luce is hoping for more rain in the future so that his farm can survive. well, we talked earlier about amazon's impressive earnings. it's owner has also been making waves at the dutch port of rotterdam, of all places. a gigantic yacht reportedly being built for the amazon founder is so big that part of a historic ridge in the city is set to be removed to let it pass. local officials say the middle section of the crossing will make way for the vessels. 40 meter masts, when it finally takes the sees the yacht would be the biggest sailing yacht in the world. all right, here's a reminder, the top business story were falling for you. the u. s. at it, far more jobs than expected in january, adding to the picture of an economy in full recovery and raising the likelihood of central bank intervention. within 460000 positions were created in the month 3
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times the number expected by analysts. and that's it. from the end of the debate business team, you can find out more about these and other stories online. check us out the w dot com slash business. we're also on youtube under the dw news channel. i'm from beardsley. thanks for watching. we know that it's here to stay has become part of our lives the convent 19 virus. they know we really came from and how it spreads. while they have taken a giant step towards getting to the bushes of mom, kind of it to morrow to day. next on d, w o m p 2
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