to the states in the conservative states have already indicated that they plan to band or heavily restrict access to abortion. it's been a good way, chris dodge, after several bad ones. daniel winters will have more in the w business after the break. i will see you again, right here on monday, have a good weekend. everybody sh her. i'm skin that. i think that's hard and in the end is a me, you are not allowed to see you anymore. we will send you back. are you familiar with this? with the smudges were lions as of the what's your story. ready he wasn't, i was women, especially a victims of violence in labs and take part and send us your story. we are trying

always to understand this new culture. so you are not a visitor, not a guests. you want to become a citizen. in phil migrants, your platform for reliable information with ah, things looking out for you as investors, as shes on the new york stock exchange, end the week up. but is the raleigh this week sustainable? we'll check in with our markets correspondent, also coming up could germany be heading for a nuclear revival? the energy squeeze could give them little of the options we'll hear from an expert . and the war and ukraine is being felt far afield. argentina is struggling, as the price of food staples is rising. i'm daniel winter and it's time for dw business. major ma kids are ending the week on

a high with stocks rising and bucking the downward trend of recent weeks. looking at the week as a whole. the s and p 500 was up nearly 6 percent a little under 5 percent for the dow and tech focus. nasdaq racing ahead with well over 7 percent. i mean that's a welcome relief. as all those indexes are still down over all by double digits since the start of the year. and we're going to go over to our jens quarter, who is our financial guru, who's always going to go through all of these things next by them for us. yes, as always is good to see you. is this irrational exuberance that we're seeing on the markets or is there a good reason for optimism? daniel, i would say is the main reason why we traded up by about 6 and a half percent for the s and p 500. this week is because of the huge losses that we saw in the month. and prior. i mean, we were looking at the worst 1st 6 months off the years since,

i believe 1936. and i guess some investors are saying that might have been too much because fundamentally, or not that much has changed on friday. for example, we got the latest reading on consumer confidence and that's it. it dictates that the lowest level an ever so since we of gotten this a statistic, but yeah, we did stop this rebate, losing steel streak and for the week of major gain, some on wall street. okay. moving on, the federal reserve has put banks through their paces with a stress test is coming as all of these concerns swell around the economy. so how did the banks do a? well, the banks did pretty well enter this tests were a bit tougher than last year. and that might tell you that the federal reserve firm is seeing a bit of a rougher c, a head to even for example, in this stress test that they did not test how banks would do in a war. europe, for example, of the test basically looked at what would happen if the stock market will drop 50

percent. we would read an unemployment rate of 10 percent and at least in this environment, the u. s. financial institutions would do a good according to the stress test, but i'm looking at head, i mean, we do see some anecdotal evidence that a u. s. consumers might have problems paying their credit, ford car loans, for example, maybe even a for a credit cards and fitting to that. we got some word on friday from the i m f out of washington, slashing the gross forecast for the united states. even if the i m f does not see a recession a for the us, but growth will definitely be much lower than originally anticipated. that's leased according to the ins. so as a good week, but there may be storm clouds on the horizon against quarter. thank you. very much have a great weekend now, germany's economy minister says the country will have to fire up its coal plants to make up for the shortfall of russian energy imports. it's a decision he, as

a member of the green party never wanted to make, but they could be another low carbon, alternative nuclear energy. the country had hoped to phase out nuclear in favor of renewables, but amid the current crisis, a debate is raging and germany should the country extend the lifespan of its current atomic power plants. let's take a look at how we got here. fukushima 2011 an earthquake triggers the tsunami. it destroys a nuclear power plant. the accident shakes the world leading to fears the same could happen elsewhere. the accident also prompts germany to exit from nuclear power earlier than plant. if you hear guns orphans as a proponent of the peaceful uses of nuclear energy, i want to be very frank. the events in japan of change my opinion on nuclear energy enough in 201117 nuclear power plants west still on the grit.

now only 3 remain active. they're supposed to close down by the end of the year, but the warn your crane and surging energy prices could affect the timeline. since russia's invasion of ukraine, the price of natural gas has jumped around 80 percent. many politicians and business leaders are calling for the nuclear plants, tory maine and operation. so energy supplies are secure in a north, the 2 up in an emergency situation. we have to physically secure our energy supply at any time and anywhere from. but the german chancellor made it clear that there won't be any changes to the nuclear shut down a currently nuclear plants account for 6 percent of electricity in germany. the chancellor says keeping these nuclear plants would have little effect. this survey, however, shows more than 60 percent of the population on favor of continuing the operation of nuclear plants due to the looming threat of an energy crisis. of course,

there are so many open questions around this. so earlier we spoke to clemons fuson . he's the president of the e fo institute for economic research. he said that germany's return to nuclear is an option that shouldn't be discounted too easily. or we are facing an energy crisis, rising energy prices in the situation of high uncertainty. it's unwise not to use all options now of changing the schedule for the nuclear plants is costly and complicated. yes, but it's feasible. and i think we in the situation, we should use all options rather than giving away one without very good reasons. the question is, do we have the political will we should remind ourselves, this is not about comp, fundamentally changing the long term strategy. i personally think it would also be good to read. think the long term strategy about getting out of nuclear about here . we only talking about maybe a year or 2 or 3 or so just changing the schedule. a little of germany is top

economic experts there on nuclear. but now, let's go to some of the other global business stories, making news confidence among british consumers sank to a new record lower this month, according to survey is now lower than during the early stages of the coven. 19 pandemic. and even the 2008 financial crisis, u. k. households struggling with inflation and disruption due to stripes. and speaking of strikes, there is one at the world's biggest copper producer chill. a state owned codle co has ended after an agreement between the government and union representatives. some $40000.00 mind workers protested the closure of a foundry claimed from massive pollution the union and the government agreed to work together on the facilities gradual closure. mexico central bank has raised its key interest rates by 3 quarters of

a percentage point to 7.75 percent. the move is aimed at reducing the amount of money in circulation to help curb surging inflation. prices in june increased by 8 percent on the year now it's been 2 decades since the worst social and economic implosion in argentina's history. but now once again, argentina is facing a painful economic and social crisis. situation is compounded by the russian invasion of ukraine, which is pushing up global food prices. government measures to stabilize the economy a so far failing to turn things around. ah, the war in ukraine is thousands of kilometers away. but the effects of it are fact by people worldwide, including here on the streets of warren. aside in the past weeks, the government bank, the export of food products. but that hasn't changed the situation.

somebody been forced to search braced bins to get food on the tables as it's getting harder and harder to pay for food items in the stores. a jan tina is one of the countries that has been hit hot by the critical global situation regarding foot crisis. argentines have to pay over 64 percent more for food compared to last year. this content is growing because purchasing food is near impossible for many. i shut it off or taught us i, we're 8 hours and i often think about finding a 2nd job, but up to cover my expenses that i, gala salaries are well below inflation and is to ration is not great for consumers . it's becoming increasingly difficult. i can dig a console angry truckers blocked roads in boy, an aside is protesting growing 14 percent increase in oil prices in the last 6

months. the foot problem is accompanied by a paralyzing fuel crisis that is choking economy or less cars and expensive. he found truck drivers say enough is enough. yeah. a little bit of everything you can think of clothes, food, feel, drinks as ship by trucks sold as items will start being missing everywhere that a lot of as discontent and displeasure turns into anger. some argent ties are turning to social solidarity networks to get by erica, so sassy is the impossible dilemmas that families are facing every day. then are they gonna? the value of money is so low to day. for example, you pay $100.00 pisses for a litter of milk, and to morrow you could pay $150.00 that, but it's every day prices rise, it's impossible. money is not enough since if you eat well, you can't pay dabilla. and if you pay to bill,

so you don't eat noblemen. the situation in argentina is driving popular masses into the streets. houses are united towards one goal to do something to stabilize prices. so the average person can at least feed themselves. and finally, his one for those of you with the suite to switzerland is losing production exclusivity on one of its most famous brands, the chocolate tobler own. the company has produced its iconic chocolate and been for more than a century. but mon dallas international, the multinational that owns a tobler brand, will partially outsource to slovakia from 2023 to address growing demand. as a consequence, it will have to remove the word switzerland from the packaging. and just before we go, a quick reminder, the top business story we're following for you this our major markets are ending the week on the high with stocks rising and bucking the downward trend of recent weeks. the s and p 500 was up over 5 percent a similar showing from the bath. and that's it. you're up to date with

d w business. if you want more than you can, as always check on our website dot com slash business. and we're also on youtube to from me and the business team here in berlin. thank you very much for watching and of course have a great weekend. what making the headlines and what's behind them. dw news africa, the show that typically issues have been the continent. life is slowly getting back to normally where on the street to give you enough reports on the inside of our cars, funding was on the ground reporting from across the continent. all the trends doesn't matter to you. next on d, w eco,

india. now planting seeds of ho, strengthening nick in forest and creating new ones in impenetrable places. that is their mission. seed come back in these areas under is oh, but is this really the key in the fight against climate change? he go india in 60 minutes on d, w. o. a little nar davinci is mysterious masterpiece. this perhaps the greatest leonardo masterpiece in the collection of the louvre and no, it is not the mona lisa. it is the virgin of the rocks,

2 versions, multiple copies, and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand today? search for answers starts july 7th on d, w. this is e w, a news africa coming up on the show. why can't africa feed itself? millions of africans are struggling to afford basic necessities, due to conflict, drought, and poverty now of war. thousands of kilometers away between russia and ukraine is threatening to worse than africa's food security. and the slow economy has caused a damaging ripple effect in south africa. when many have been forced from their homes just putting on a show coming.