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tv   Business - News  Deutsche Welle  April 23, 2022 1:15am-1:31am CEST

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siding round of macro. bess's le pen. you're watching the w news live from berlin. stay tuned for dw business with daniel winter . and just amendments. i'm good. i was like a ticket booth sh her i'm skin that. i think that's hard. and in the end the some me, you're not locked up to you anymore. we will send you back her. are you familiar with this with the smudges with lions as of the what's your story. ready ready i mean, wasn't, i was women, especially victims of violence in a lot of them take part and send us your story. we are trying always to understand
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this new culture. so you are not a visitor, not the guests. you want to become a citizen in full migrants, your platform for reliable information. ah ah, it's my crohn versus le pen. once again, the economy is at the head of deb sunday's vote. this time we take a look, a closer look at the pens, policies, and we'll get the view from power. st. also coming up argentina is sitting on a massive gas field. now it find wants to do something about it building a pipeline, and it could be a monies. i'm daniel winter. welcome to the show. decision day is coming in france, french voters heading to the polls on sunday to decide the country's next president
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. will it be incumbent manuel micron, who currently leads the polling? all right, candidate, maureen le pen, we took a deep dive into a crohn's policies last week. now it's a pens turn. the campaign has been dominated by the economy with la penn switching focus from immigration to france as living costs. her proposals include slashing taxes for fuel gas and electricity down from 20 percent to 5 and a half percent. also cutting tax on a 100 so called essential goods like fruit and exempting work as under 30 from income tax entirely. she also wants to end subsidies for renewable energy and france, setting up a potential battle with the you and it doesn't. and there, the national rally candidate says she also wants to withhold some payments from the block. not exactly a freaks it french is you withdrawal, but many fear it could reduce francis roll in europe. le pen also wants to maintain francis official retirement age of $60.00 to $1.00 of the
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e use lowest will. earlier i spoke to our paris correspondent lisa lewis, asking her how the pens, plans are going down with voters. people here feel that anne marie le pen has indeed managed to depict herself as the candidate closest to the people in her. she's been campaigning through france, from market to market town to town over the past few months, telling people exactly that message. that was, she will help people make ends meet and that's why her ratings went up over the past few months. but until the 1st on updating, that is because after the 1st renovating and people start to look at her program a bit more closely and they realize that all these measures she's putting on the table will actually be financed through taking away money from the people that don't have french nationality and that her overall program is also based on discrimination against non french nationals. so, and that's why then people actually thought some of them at least thought it might
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not be such a good idea to vote for marina pain. when you listen to the polls, the, the current polls as she has gone down again in them and my call i am on my call. the current president is predicted to win this sunday's election. so she's definitely leaning into the national side of the national rally. but economists also have issued some warnings about her economic plans, what they had to say absolutely there have said they've told me actually that these measures didn't really make much much sense. marina pen says she will help the lower and the middle class by economists say that her measures actually counterproductive and even on an international level, many of the measures in her a manifesto would go against the rules and would most likely lead to the fact that the european union at one point will say, we don't want you any longer within this union, france and france had what might have to leave the european union,
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which would trigger international air waves really. and my cause might lead to a, an international financial crisis. analysts say, okay, but my crohn has had time to implement his agenda as president. and yet it's been roundly criticized, especially by the the chalet gene protest that we saw there. what can we expect from him going forward on the column? absolutely, mac core in power. he carried out many market orientated reforms, but people have been criticizing him. so court yellow vis you just mentioned demonstrated for months and months and months and blocked roads here in france saying that the lower and the middle class actually were less well off under my car . and my car has not managed to really talk to them to address their anger and their anxiety. he has also been criticized for not implementing enough measures to protect the environment. for example, to bring down c o 2 emissions. and of course,
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he has been criticized as to his style. my car has come to power saying he had a very disruptive style. you know, he doesn't blight old structures inside the french government, but also on an international level is also always trying to cause as thorough because he believes that that will make things move and move forward. however, many people feel that is not the right way to go about things, and he might have to adopt adapt, adopt other strategies in the future if he wants to win over more french hearth here after the election if he were re elected. of course, we'll certainly all eyes will be on that. the next stage of the election on this return. thank you very much lisa loosen. now let's check in on some of the other global business stories making news. friends, prosecutors of issued an international arrest warrant for carlos going, formerly ran reno and miss sam goen is accused of funneling millions of dollars of reno funds through a car distributor in oman for his personal use, including for the purchase of a $120.00 foot yacht and us treasury secretary,
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janet general, has warned europe to be cautious about imposing a complete ban on russian energy in ports. something the e u is actively considering. she said, such a move would dent global growth and probably would not have a major impact on the russian economy. it's been a terrible week for the newly merge entertainment company. warner brothers discover which owen's plans, like hbo and cnn, their stock price losing 15 percent. that after it announced the scrapping of cnn plus the news networks, digital subscription service, which costs $350000000.00 to set up. and which started just a few weeks ago. well, the person who's gonna talk to us about it, you know, his name already is james sweeney who has moved the new york stock exchange. james, thank you. once again, why we're the new managers of cnn, so quick to kill off this project is very expensive, and it was supposed to be see, it ends future proofing. well,
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cnn plus is that is the talk of the media world and not because it's the fresh new face of that digital streaming news. it's because it's the biggest failure and media stream. the news history, if you can believe it or not, $350000000.00 to launch this. and 3 weeks later it's gone. it sells unreal. but it did happen in this a lot to learn here. why we're the new manager so quick to kill off the project. well, they simply did the math. there was no audience. and let's keep it direct cnn televisions, audience dropped dramatically since the byte an administration took office. it last more than 90 percent of its viewership from january 2021 to january 2022 because they no longer have president trump to talk about and what was their response? no tb ratings. well, let's just go digital and make people pay for exclusive content. now, common sense would raise a red flag and immediately question, why would people pay for a premium service when the people aren't even watching the standard cable network? and this is a fact for re reruns of food network programs have more prime time viewers than life primetime, cnn tv content here in the us. so these new mentors came in,
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they saw the results and he said, wait, how much did we spend on this? or are we supposed to get 2 and a half 1000000 subscribers by your one? we sold and t's at the launch of this. um, no one signing up for 75 percent off. promo over. let's cut our losses. let's blame pass management and let's move. well, let's move on and move past this debacle, quite frankly. well, i mean, the news networks have all said, you know, digital is the future. right. and it seems that cnn has either missed the boat or they certainly need a new idea. what and warner discovery, due to get back into investors, good books with c n o, in general, they've had a pretty poor performance so far. since the mac well, if you're asking whether or not they can get back into the good books, it's obvious that they can look one or brothers discovery. they're not taking the blame of the c and, and plus disaster. they're just coming and seen and plus was launched on march 29th . and they took over on april 8th. so what they're doing is blaming the previous management team, terminating those, you strategize this entire event and it's at the buckle,
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quite frankly. so they will pick and choose what they want to keep and add whatever see it and content they deem a value into discovery plus an hbo max, which by the way they own. and again, wanted discovery just came in, did the man said no, thank you. we're gonna take our money and spend it elsewhere and cut our losses are very, very big losses. okay, and just briefly, we got a little bit of time left at what went wrong this week on us markets, acid paid tao. nasdaq all sliding this week was gone wrong. o r, i will keep this is brief as possible. we had ourselves a strong start than earnings disappointed the big ashad coming late wednesday with netflix. and then on thursday, the market's really turned sour because federal reserve trim and rural powell said, when addressing record you were record high us inflation. that it's not only absolutely necessary that same inflation, but of 50 point basic height of basis height is possible next month. so in turn, the 10 year treasury yield sword to its highest level since 2018. the early equity rise turned into a late afternoon loss and that loss on thursday carried over to this session. and
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the big board is now down $981.00 points to close out the week. and yeah, that's what happened. at least we can say it was an interesting we, james sweeney. thank you very much and have a great weekend rushes war in ukraine has driven up natural gas prices to an all time high. and that's good news for producing nations just like argentina. but currently the country is a net importer of gas with an estimated energy deficit, a 5000000000 dollars this year. the south american country wants to change that planning a new pipeline to deliver gas from its vast reserves for its own use and for export . and new pipeline is set to change south america's energy markets, argentina making good use of the resources it hass if thou art but our soda we are standing on a huge gas reservoir. however, there is no point in having it if we have no way of transporting it. adler named after a former president, the nest occasional pipeline taps,
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the vast reserves and havoc. i'm what our field and since gas to when it's iris province. a 2nd section. what extent northwards to st herani more construction is estimated to cost $1500000000.00. this is the new pipeline run by argentina. why p f and u. s. giant chevron will increase argentina's gas supply by more than 40000000 cubic meters a day. making the country more independent from imports of liquefied natural gas, which are currently needed with an air owner, but is pretty middle. but i saw to do it in both us yona 0 number one objective of the nest occasion a gas pipeline plus its complimentary works is to substitute importantly to replace all the l n g and stop burning liquids in argentina to generate energy. also for environmental reasons. secondly, we can generate the amount necessary to export alice. after being an energy import for years, the pipeline project is set to make argentina an exporter, supplying neighbors such as brazil. and sheila that's it. you're up to date with
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d. w of business, but if you want more, you can check us out on the future of course, and d, w, use youtube channel and also on facebook. and don't forget our website dw dot com slash business on daniel winter from me and the business team here in berlin. thanks for watching and have a great weekend with what's making the headlines and what's behind them. d. w, news, africa. the show that was the issues in the continent. life is slowly getting back to normally on the streets to give you in the report on the inside our correspond that was on the ground reporting from across the continent and all the trends doesn't matter to you. next on d w here it comes the 1st and truly
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electric mercedes. the key west is supposed to take the legendary s class into the future. motorsport expert and by shelley did not good on wants to know who is the new mercedes a pioneer, or maybe even the best electric car in the world breath. and in 60 minutes on d. w. o. in it and transformed into an orgy of hate and violence. the history of the ku klux klan, and the oldest terrorist organization in the united states. it's members fight for racist state, ruled by white supremacy. what we're talking about here is not only disorganized by,
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it's not only terrorism. it's politics. found it over 150 years ago. it's repeatedly died out, but always been resurrected. the ku klux klan starts may 11th on d. w with this is d, w. d, as africa coming up on the program, can africans benefit from europe's energy needs as the democratic republic of congo honda's plans for the world? the largest hydropower dam. we ask what's in it for the average citizen? most of the energy will be used to produce hydrogen. everything that's produced a will be brought to the center to the west. the we don't think that we've already covered the electricity needs of our country. also coming up all that smaller backs, a whole tentative.

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