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tv   Business - News  Deutsche Welle  October 7, 2022 8:15am-8:31am CEST

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she sci fi tia stone to remind you of our top story. at this hour, thailand's king is defeated survivors of the worst mass murder in the country's history. a form of policemen killed at least 38 people in a gun, a knife rampage on in a nursery. now the u. s. has gotten with the opec decisions to slash oil output more. i'm back in d. w business with rob watson. just a moment. and i'll be back at the top of the good thing. we've got some hot tips for your bucket list. romantic corner check hot spot for food and some great cultural memorials to boot
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d w. travel off we go. i have been i don't i have been beaten. i have been sick a straight it because we try to to show the face of mafia all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted government agencies and criminal curtails. targeted environmentalists in danger starts october 29th on d. w with ah, could the u. s. a set up its own opec? the white house says its considering its options after the oil cartel flashed output for the coming months, vo cross to our correspondent in the states. the u. s. ban on russian sea food
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could have given us fishermen a stronger hold on their domestic market. but as that proven to be the case, and kim kardashian this vote and foul of financial regulators for promoting a crypto currency, we'll look at the secretive world of star endorsement. this is date of your business on robots in berlin. welcome to the program. all options are on the table that spin their response from the white house following opec plus is decision to slash oil out put the $2000000.00 barrels per day cut in production comes at a bad time for the biden administration with us food prices, fuel prices, even sets to rise just ahead of mid term elections. russia also stands to gain from the decision at a time when western allies are trying to squeeze its oil income over its invasion of ukraine. to let's get more on this from our correspondence at the new york stock exchange, teddy australia, teddy, when the u. s. that says,
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are all options are on the table? what do they mean? whether some ambiguity around those options right now we don't know the specific trying to resist the influence of opec, but i'll give you a couple people are talking about 1st, which is probably the most realistic is releasing more oil from the strategic petroleum reserve. is a something the united states has already done, releasing more oil on to the global markets to try to bring prices down. another one is trying to coax us oil to produce more oil. now that might pose difficulties because of the lack of investment in recent years. and the lack of spare capacity. now the one, lots of, we're talking about crops, most severe is an export ban of oil. this would mean that oil stays here in the united states, pushing prices down. but of course, this would be very difficult for the rest of the world suffering from an energy crisis and highly dependent on exports of us oil that be a big coal, wouldn't it?
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how much is the domestic politics playing into the white house response? hey, it is joe biden, have half an eye on those mid term elections. well, i'd say you maybe has both eyes on the mid term elections. the pressure is really on right now. there are expectations that republicans could take the senate, could take the house of representatives, which would be quite catastrophic for the democratic president. now, how does oil tied into all of this? well, inflation, polls say is the number one issue for voters, for american voters? gasoline, of course, is on the list of those products. america's car country, people depend on gasoline, their cars rather. so yes, biden may have to, you know, consider this very deeply moving into november. okay, to the australia, the new york stock exchange for us. thank you very much. now, u. s. ban on sea food imports from russia for invasion of ukraine was supposed to
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sap billions of dollars from vladimir putin war machine. and also when the u. s. fishermen expected a major competitor to disappear from the market, but that's not how it's working out. sammons season has begun in southern alaska, fish and seafood are the state's main commodities. the vast majority is sold domestically until recently. many products also came from russia, an unsavory competitor in the domestic market. but there's new optimism in the fishing village of cordova. the fishing industry these great this year. and i hope the prices come in better, you know, is, is a good market, good fishing in as a team. the man, this is great is so the whole world is hungry. and this town purvey lot of food for a lot of different states. lot of different countries to for the last 5 years,
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the company 60 north, has specialized in wild salmon. the company mainly serves the us market. russian producers were an unwelcome competitor because they could offer much cheaper prices . 60 north couldn't compete. now things look better, but one problem is that russian products haven't completely disappear from the market yet. we have a lot of product that is banned from russia, but yet they have an inlet where they can go produce and china and then bringing in that way too. and it's somewhat confusing not clearly labeled. and i think that one of the things that we need all pay attention to cory lasher works in the crabbing industry in alaska, a market in which russia was also a major player, or perhaps still is fortunately, i've leisure says russia is circumventing sanctions. it comes through other other countries and it's then processed in other countries and it's not required to have
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labeling when it comes into, into our markets. and so russian crab can go to places like china, primarily china, and they cook it, and they, they process that some of it may be illegally caught and, and then it's sent back into our market. and so without country country of origin labeling, there is no way to trace that back to russia. but alaska's initial optimism over sanctions against russia is waiting now till. and there is deep disappointment in the fishing industry because russian products remain in the market. though, hidden from view now let's take a look at some of the other global business stories making the news. a french court has knocked more than 700000000 euros of a fine and post on apple after it lost an antitrust case in 2020. the initial fine was a record 1100000000 euros. the tech giant says it plans to appeal having to pay the
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remaining $370000000.00. german factory orders fell again in august after a short rest by the previous month. the latest numbers show a drop of 2.4 percent as industrial clients and consumers. both foreign and domestic ordered less. the full is fueling fears, germany is entering a recession. ratings agency fitch has lowered the outlook for its u. k. credit rating to negative. unless a prime minister list trust is plans, tax cuts will cause a huge budget deficit. and also factoring and inflation. and the sinking poll numbers for the governing conservative party no reality. tv star kim kardashian is certainly used to being in the headlines. but this times, they're costing her money and a whole lot of it. she's been ordered to pay a $1300000.00 fine to the u. s. securities and exchange commission all
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for an instagram post. the stock is worth one point. $8000000000.00 had advertised a crypto currency called e max tokens, while failing to disco disclose when she got paid for it, she is not the only celebrity to be fine for pushing crypto back in 2020 at to steven seagal has to pay over $300000.00 for a similar stump promoting bitcoin to gen, digital assets. yes, box of floyd may weather and music produce a d. j colored also on this list in 2018, they were both fined for promoting investments in sentra, another crypto currency company. so for more on this rebates, it's a turn to that entertainment journalist k j matthews. in los angeles. great, are you on the program? k j? why are celebrities? i think it's a pleasure. what. why do they seem so keen to get involved with crypto currencies? well, you know, i think the question better question is why are they keen to get involved? anything that they get paid for may not actually be buying the product themselves.
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crypto currency has been all the rage for a few years now. so as you just noted, d j can lead ah, boxer of floyd may, whether steven seagal, all of them had taken money from even matt damon. ah, and larry david, the actor had, had touted themselves. i think the reason why is because it's easy, you know, these crypto companies are willing to shell out. i mean, like they do with kim cardiac and a quarter of a $1000000.00. and what star likes to turn down money. i don't think any hollywood would want to turn down money, so it seems easy for them. and they've been doing it for a while. and i think the s c c is saying, you know, when it comes to crypto currency, particularly here in the united states. it's almost like the wild, wild west, and so there has to be some type of regulation. if you're going to be promoting any type of stock or something similar to a stock i, when it comes to specific crypto currency. so she think all the better off to staying away from crypt,
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currency saying is it is so unreliable as an investment in either a business program where let's talk about investments but, but also because it's just starting to look a little shady yet, you know, it's surprising that specific crypto currency that kim carr dash and promote it last year. i believe that was, it actually has gone down in value since then. so a lot of people are starting to question a whether this is a good investment. but here's what i'll say, i think that because of them going after came car dashing, she's got more than 331000000 followers on instagram. she's in the top 10 in terms of people to follow on instagram. so she makes a lot of money, she has a lot of different businesses. and i think a lot of other celebrities and other influencers who are not, celebrities are saying, wo i think that what the fcc is doing is using her as example. now you're going to see celebrity, say, ok, how do i make sure that i don't run a file of the law? her biggest problem was not that she didn't advertise it. remember kim carr dashti
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and did use hash tag ad on her post last year. the problem, the s t c, which is the securities and exchange commission here the u. s. is saying she didn't tell people that she made more than a quarter of a $1000000.00. that was a problem. so it's not only disclosing that it's an ad, but also disclosing it specifically how much money you're making in certain circumstances is a problem. and i think moving forward, more celebrities will make sure that they're not running a follow that for sure. okay, we don't have a lot of time just briefly, a quarter of a $1000000.00 for this post. is that typical? no. it's actually very low. and i'm glad you asked that question. normally someone like kim carr dash she is good. i know we love her. kim, hard to actually and not low for mere mortals like you and i it's high. but for kim hardy actually yes, she usually is somewhere between maybe between 400600000. because remember she has
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more than 331000000. instagram followers, so it wasn't a low in, but you know, maybe come cardiac is saying if they're going to pay me a quarter of a 1000000, who am i to turn it down? but yes, it definitely was on the, the low in, for someone like kim carr dash you also taking mind that kim, cardiac, she doesn't have the most followers out of the car dashing plan. it's highly hardy, actually, and i think has more like 370000000 followers a moment about these were actually out of time to really enjoy speaking to you. thank you so much for coming on the park. thank you. that's all from our show until next i is the end of the pandemic in sight. we show what it could look like will return to normal and we visit those who are finding it difficult
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with success in our weekly coping 19 special next on d. w. to the point of strong opinions, clear positions, international perspectives, protests in iran or gaining momentum led initially by women and girls, crime women, life liberty. they are now drawing thousands on to the streets. iran rises up, can be toppled. find out on to the to the point with dw, ah, how did she become adult hitler's favorite director?
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and how to me become a forgotten filled pioneer. ah, leaning he finished and arnold fun. between hitler and hollywood. in 1932, they set out into the icy wilderness of greenland to create a life threatening a film project that became a major milestone in their lives. love, seduction, and power. ice cold passion starts october 8th on d. w. ah ah for almost 3 years now japan has been shut to the outside world instead of thousands of visitors enjoying the sites. there are hardly any paying. ready guests but that's all set to change on october.

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