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tv   Business - News  Deutsche Welle  November 9, 2022 12:15am-12:30am CET

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the final walk with comes up again at the top of the hour. it's with again they get all the harvesters or immigrants go, lucas, they everything you enjoy eating at home with your family, was harvested by people who are being exploited. and then i d, 's for free, and we're going to need to, uh huh. we can keep doing what we're doing. and that's why your green revolution is
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absolutely necessary. europe revealed the future is being determined. now, our documentary theory will show you how people, companies and countries are rethinking everything and to make you make changes your revealed this week on d. w, with it's $416.00 p. m here in washington dc on the day that america decides the midterm election at stake, who will control the country supreme legislative body, the house of representatives and the senate at the top of voters minds is that the economy? i'm janelle dumas on. welcome to our
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d. w. business special coverage of the mid term elections from here close to the us capitol. it's been a tough 2 years for the president's term so far. one dog by the fall, out of not only the coven pandemic, but the war in ukraine, and it's knock on effect on energy prices. 79 percent of voters say the economy is the most important electoral issue for them. according to a pew research poll and no wonder inflation and the united states has risen to over 8 percent, the cost of food is $1.00 of those symptoms of tough economic types. i want to check on the temperature of voters. gotta cut back on everything i felt radius should have been this kind of morning just did you survive at all? that's where it's at. i'm believing any more about surviving. i had to get a 2nd job and because i got 3 kids at home,
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so i don't get food stamps. so i think we're all set in place in the past week. everyone in the day to day lives. i think you know, kids lose a whole margaret that may be the middle class, but it's starting to hurt everyone and it's going to continue to hurt as we enter into the colder season here until nino, when we're gonna have to fill up our tank. eating y'all and you know, the costs things just continue to rise. i think we're looking at a bad time in our gone and i hope that we're able to get it back on track. i don't have a lot of faith in democrats or republicans. a key policy of president biden is the inflation reduction act. one of its priorities was to support american agriculture, helping farmers, whether the current eco crisis,
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as well as building resilience to climate change. i traveled to the town of volga and south dakota to find out from farmers if the support they're getting goes far enough. and whether it could even sway their vote. ah, who across the american midwest farmers are wrapping up their harvest. but it's been an unusual year. the story of agriculture right now is really 2 different stories. economically, prices are pretty good for commodities gone. and so i can kind of go up and down. but our expenses have climbed tremendously. american farmers have a lot going on from rise and commodity prices. you have tension of policy makers and billions of dollars in federal funding with more the cost. but the agriculture sector is facing a series of challenges for rising energy costs to input prices and money. se passed policy, the hard to play, and i guess what, what bothers us as farmers as that
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a lot of them have to happen. we were energy self sufficient, 2 years ago and president biden, 1st thing he did was shut down the keystone excel pipeline up there. this area would have been a tremendous economic benefit and the cost of energy when it rises like it did, causes inflation and re one diesel fuel. we plant our cops, so we do all the things that we have to do to, to make that crop, grow and prosper. and then we harvest that. and when energy prices are, are allowed to get that high, just works all the way through, ultimately to the final consumer who is paying 304050 percent more for food. now because of all that, those higher prices for agricultural products are helping offset some of their ballooning outlays. like the tripling of fertilizer costs in the past year. but farmers expect their spending to blow past their revenue for the farmers struggling the most help is on the way. as part of the $700000000000.00, strong inflation reduce should've asked signed into law by president joe biden
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earlier this year. more than $3000000000.00 in aid is going to indebted farmers. but despite the name, what the democrat lead bill is really meant to do is battle the climate crisis. spending a further $20000000000.00 to supplement existing conservation efforts to make farms more sustainable in the long run. but brandon wife says farmers, i can have little time for the political back and forth. the american people are especially are politicians. we think in 2 and 4 year election cycles, well out here, i'm thinking in decades and generations, and the job that i have to do is so much bigger in the grand scheme of things. then one politicians career. i really try not to confuse the to every administration has things that they do that i appreciate and things that i don't appreciate. and so i don't get too worried about this year's politics or this year's economy. try to see the big picture through that big picture lens that these farmers will make their
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choices, whether at the polls or on their farms. and now we turned to wall street where teddy austro is waiting for us with more on how the markets are responding on polling day. thanks, janelle, here on wall street, they are waiting to see if there will be an extension of the rally that we saw over the past couple days in anticipation of the mid terms. the republicans, of course, are expected to take at least one chamber of congress, maybe even to the republicans being slightly more corporate friendly than the democrats, though not exclusively. so, however, most importantly, if this were to occur, there could be a deadlock in government. this could work to the benefit of wall street. a deadlock means that there is unlikely to be major policy shifts that could threaten corporate pro. of course, there is another scenario in the case of
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a potential recession. next year. major policy shifts may be needed and it could actually affect the market. now, we do know historically that regardless of who wins in the mid terms, wall street is likely to rally anyway. what may be a better sign of what's to come in later this week? we are going to get some inflation data. we know the fed is key to continue hiking interest rates. so we just may need a little bit more time to see where the markets will actually swing. and that's all for me and the team here from this side of the atlantic, for now it's back to christy plaid sent in berlin for the rest of your business news. thanks for that, janelle now to some of the other global business stories making those today due to bon has find a deal to build the 1st high speed rail network in egypt. starting in 2025. the
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2000 kilometer long network will connect the alexandria with cairo and the new administrative capital city, which is currently under construction. it's set to be the 6 longest high speed rail that work in the world. french automaker renaud pitched a green re brand to investors on tuesday and as splitting its operations into a new electric vehicle unit and a subsidiary for petrol, diesel and hybrid cars that will pair up with china. keeley, the vehicle unit could be listed on the stock market as early as 2023. a german court has given prison terms to 3 former banking executives for their roles and 2017 german tax talk, scandal known as come x. the scandal costs the german government billions of euro's dozens of bankers, traders and financial advisors have been indicted over the scandal. and investigation are underway on over $400.00 cases. well, we've spent
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a lot of time on this show analyzing the economic fall out of russia's war in ukraine. we have looked at how sanctions are hurting russia and how they've hurt europe. but some markets are experiencing a surprise boost from this bird, a war. thousands of russians have fled to neighboring georgia, and they've brought cash and business. now, how with them? russia's southern neighbor, georgia is one of the unexpected diamonds. in the economic rough. it's enjoying an unexpected gloom, fueled by a dramatic influx of more than a $100000.00 russian nationals. after putins mobilization drive, quite 3 people came to, ah georgia with some business ideas. plus sir consumption increased drastically. ah, including tories mer, and they send as they send to themselves a lot of money through remy tendencies as well, and it boosted the economy pretty, pretty much back in april, the world bank estimated that george's gdp would grow only 2.5 percent.
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now the country is expected to hit double digit growth by the end of this year. around 10 percent. the boom seems to be helped along by the russian migrants but this me, grants are very helpful because part of them died from all the majority of them. very young technology educated people who have a knowledge and probability for us 14 appreciate that also for the other 2 jenko on it. this is quite useful opportunity for you that now the question among analysts is whether this pace of growth is the sign of a sustainable upward trend. all if it's merely a blip. but when they leave a yard that's with the problem, because some, some amount of demand which was, which was now in plays will not be in the future. uncertainty remains not only due to the wider global economic volatility, but george's proximity to
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a volatile neighbour in russia. and finally, do you have some extra cash lying around? how about buying a massive tire and a source rec skull? one of the best and most complete sculls ever discovered is projected to sell for as much as $20000000.00 at an upcoming. sotheby's auction. the skull, nicknamed maximus, is believed to be 76000000 years old. it weighs over $200.00 pounds and was found in south carolina. but selling dinah bones is a controversial business. scientists say that museums and research village facilities just can't compete with the sky high prices at auction. this prevents experts from studying the age old fossils and a reminder of the top business story we're following for you this. our voting is underway in the u. s. midterm elections. the results could prove decisive with republicans expected to take the house or the senate,
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or both an outcome which would hamper president joe biden's economic plans for his remaining term in office, including the expansion of social spending. well that's our show for more you can check us out. check us out on d, w dot com. we're also on facebook and youtube for me and the whole team here in berlin. thank you so much for watching. we'll see you tomorrow with a fashion as an environmental mm. a closing graveyard chalet and desert. this is where things were being industrial nations no longer need to waste, get stranded about the bundle in the global fashion industry.
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global $3000.00 next to w renewable energy is an electron mobility dependent on the battery industry and may be produced sustainably. absolutely, says europe. what about our own rule material, mine, and what are the alternative for electricity storage? made in germany. in 60 minutes on the w o. d, up to date don't miss our highlights. the t w. abram online d w dot com highlights what's at stake
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for the weld when americans elect a new congress as us democracy faces. yet another stress test. we're here to renew the latest or the fear of violence translate into action. and what the thief, mid terms mean for the next presidential race in 2024. let us bring the back story across. ah, ah, ah, welcome to global 3000. loved and fought over in mexico, the mafia and farmers are embroiled in a row of aligns one.

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