ah, well, that's all for now coming up next to it's christy plats and with the business news . and she'll be looking at y e long musk wants to dance sized teslas workforce, and don't forget, you can get used around the clock on d, w dot com. and of course you can follow us on our social media accounts. i bob a photo. yes. from me on the team here in britain take care and we'll see you again at the top. the next thing for her again that i think that's hard and in the end is a me you are not locked up to you anymore. we will send you back. are you familiar with this? with the smudges were lions as of the what's your story with

women, especially a victims of vine and seen a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not the visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information. ah, yvonne musk cuts his company's work force and phrases, new hiring. the tesla boss says he has a super bad feeling about the economy. even as indicator showed strong employment growth. many strict rules remain in place for women in saudi arabia. the social reforms have led to more freedom on the labor market. the kingdoms 1st women

training to become car mechanics and road blocks hinder europe's auto industry. surging energy costs, raw materials, dublin price, and supplies. hard to come by, thanks to russia's war in ukraine. oh, come to the w business. i'm christy. plats and teslas. c o. e alon mosque is calling for a 10 percent reduction in staff at the electric car company mosque also called for a pause on all hiring world wide, saying he had a quote, super bad feeling about the economy. his comments come as president joe biden says, the u. s. labor market is strong touting higher than average. i higher than expect a job growth in may. when asked what he thought about masks, comments, biden wished him, quote, lots of luck on his trip to the moon. for more, we go to youngs courts at the new york stock exchange. now young's electric vehicle sales are still going strong, despite

a lot of headwinds. what is it that mosque is worried about? exactly. well, i mean what, you learn oscars. so pretty much saying that some area such as company are over statement was that he does not mean production of cars of batteries or installing a solar panels. some he is pinpointing a to office a workers, sir, but clearly in the past couple of weeks he loan mosque has hinted here and there that he might or that he is concerned that there could be a recession at some points. but overall, he was pretty short on a detailed so without saying that there are those overstuffed areas. ok, so you're saying he's going to continue hiring and summer is not in others. well, but he is implementing a freeze. at the same time we saw new labor figures out of the us today, showing that hiring is strong across all industries. how do we make sense of these sort of different pieces of news?

yeah, almost all parts of the industry. we did see a little lower and of when it comes to retail. so they're actually a couple of lost jobs. got lost in the month of may, but overall yes, the labor market remain pretty hot and unemployment rate of 3.6 percent. so the lowest, the unemployment rate was 3.5 percent in 1969. so we're almost there. and to, for the month of may, about $60000.00 jobs got created more than initially expected. so the labor market is still pretty solid, even if it was the 1st month in about a year that less than $400000.00 subs got created. but then so there are small signs that there might be a little cooling on the labor market ahead. but so far and the labor market remains intact. ok, well this was 2 big pieces of market moving news today. how did investors react to

this? and yeah, christy not very well. i mean 1st of all look at tesla. the stock was found by a good 9 percent. and what i find interesting was those remarks from milan must the super bad feeling actually when i saw the headline, i thought he was talking about his employees that he has to let go. but actually he was talking about the state of the economy earlier this week. we heard jamie diamond, the head of a j. p. morgan, talking about the hurricane coming up to the u. s. an economy a so obviously more and more a company leaders, some are warning that are actually a things could turn around to the worse when it comes to, to the economic outlook and then or was the labor market report? yes, it was still strong. it was the last a big jump number that we got before the next tech meeting in about am 10 days. and that is pretty much on auto pilot now. so that despite some science that the economy might be calling, the federal reserve is still going to increase interest rates probably by 50 basis

points some. and overall, there was a little sell off here on wall street. and for the week we traded down by a good one percent yann's quarter bringing us super good feelings out of new york. thank you so much. europe's automotive industry has had a rough patch sticking with cars. budgeting is a nightmare. raw material. prices like sheets still have doubled in just a few months and energy prices only no one direction. getting your hands on car parts has also become tricky due to the war in ukraine. in this foundry, liquid aluminum is heated to more than 600 degrees celsius. this is what the automotive supplier l m g in the german state of saxony and halt uses to press castings for both electric cars and combustion engines. well, usually at the moment it looks like this. the machines are at a standstill. most of the 160 or cell employees are working part time. the reason

the massive rise in energy prices for 5 days managing director, christine, suzanna turn axes, will run the melting furnace at full capacity. then the machines are shut down for 3 to 4 weeks. this is how electricity and gas are saved. bouncing that you said i thought of it had 99 percent of our electricity and gas is consumed in the foundry . we need 1000000 kilowatt hours per month. i know we don't get over to the plant manager. ralph used catch often walks these empty halls almost every day. colleagues who are part time call him with questions or the gluten. he will call it to got through the coven period. quite well there. now, i don't want to exaggerate, but they are afraid of the future. you know, we don't know how long these conditions will last. how long can we stay afloat? what happens next? good. both of us,

me rising prices aren't the only problem for automotive suppliers, like l m g. since the russian invasion of ukraine, many major companies have been running out of supplies that were previously coming from ukraine. as a result, when b m. w, volkswagen or dialer shut down their production. the demand for parts falls to the to claim because as 50, so at this point and it has of the ukraine crisis, it's really the case that overnight we lost sales or the volumes that we're delivering decreased. and that's by 40 to 50 per cent per customer, percent per condo. more and more spending on energy and raw materials and uncertainty about when customers will actually need an pay for the agreed upon quantities. but the situation could still worse in, for example, if russia stopped supplying gas to germany and it has been admitted, the system is, i'm the man, the quantity is reduced. we will try to use what we have as efficiently as possible

here. but if we don't get any more gas at all, then production will be completely shut down. there's no plan b for l m g in the mid sized company. this would mean that the production site in eastern germany may have to shut down a big hit to jobs in an economically under developed area. now to some of the other business stories making news today, used cars are getting more expensive and it's because of a rise in the price of new cars. in april and average 3 year old car was 30 percent more expensive compared to a year ago. coven, 19 a chip crisis, and parts shortages are all slowing supplies and driving up prices. germany's parliament has approved and increased to the minimum wage, raising it from 9 euros, and $0.82 to $12.00 euros. the move will raise wages for more than 6000000 workers in germany when it goes into effect on october. first. amazon is the latest

u. s. tech company to scale back its presence in china. it has announced it is closing. it's kendall e bookstore in the world's 2nd largest economy. other companies like air b and b, linkedin and yahoo have also limited surfaces or exit of the country. they cite an increase in competition and harsh censorship. sex workers and activists march through the streets of mexico city on thursday to demand the right to work safely. the annual march aims to draw attention to issues of fem aside violence against workers and police and action. well, a few years ago, women in saudi were a saudi arabia were still banned from driving. now the 1st female car mechanics, car mechanics are being trained, crown prince, muhammad been solomon wants to modernize his country, and that includes improving women's rights, which would help future proof the economy for a post oil world. this saudi arabian garage is cutting edge,

especially when it comes to its mechanics. many of the trainee recruits a women like their male counterparts. they carry out oil changes, battery checks and wheel fittings. something of a shock for many customers, la obadiah, got us. the customers were really surprised. some of them came up to me and said, but you've shocked us. ah, i'm people are amazed that women are working in this field and ask us what it is about the job that appeals to us. that's the most common question i had to send a separate that alonzo saudi arabia's economy needs to diversify and reduce its dependency on oil. with this comes a need for more workers and that's meant relaxing old laws. in the past, women were banned from working in manufacturing and construction. but that's now changing. and here at the garage, the women mechanics are even attracting new customer groups. well, no,

no. but not yet, not women feel relaxed when they come here. and you know my hand and you've been on the whole some of them feel shy when dealing with men before i know if i want my job, they find it difficult to ask for things and they're scared to ask what's happening to their car when ahead of him anovia, but with us it's different. they can talk to us. we sit up with you. the amana, despite this spirit of optimism, many traditionally minded men in saudi arabia, continued to be skeptical about women working. and especially in technical roles. women are by far the exception here a fish and chip shop in england is getting an extra helping of attention. people flocked from across the u . k to check it out after being featured in a tick tock, a video where its name been lead mega chippy was turned into a catchy tune. unbeknownst to them, good, good, good,

good, good. good fans have been taking photos outside the shop while they wait for it to open. sometimes for up to 3 hours. staff say that customer numbers are 10 times higher than usual and that the attention is puzzling, but quote, absolutely brilliant. well, that is our show. i'm christy, platinum, berlin, for me and the whole business team. thank you so much for watching. what's making the headlines and what's behind them. d. w, news, africa. the show that the issues have been the continent. life is slowly getting back to normally well in the streets, to give you enough reports on the inside our correspond that was on the ground

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