tv Business - News Deutsche Welle November 16, 2022 10:15pm-10:31pm CET
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humans, again, for the 1st time and a half century, and one of those human which is the 1st woman and the next man. when the real mission will begin to establish a lunar base station as a launch pad to eventually land humans on mars. and back here on earth. my colleague here is the plants in is up next with the w business news. i will see you tomorrow of a good one. cup in guitar, exciting sport in terms controversial in political to where they are for youth, with reports and background information. everything about the 2022 world cup.
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starts november 20th on d, w. hello guys. this is the 77 percent the platform for africa. you to be beat issues and share ideas. you know, all these channels. we are not afraid to talk to. and then he keeps talking to young. people clearly have the solution for future loans to the 77 percent every weekend and d, w. m. ah, ticketmaster isn't swift enough for taylor lovers calls to regulate the ticket sales giant are growing louder after a botched pre sell event angered taylor swift founds. also coming up retail sales rise unexpectedly in the us. but worries about one major retailer or keeping
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investors hopes in check. we'll get the low down from wall street and with the world's powerful convening at the g 20 summit and bali people in indonesia are trying to bring pollution from the local mining industry into the spotlight. i'm christy plants and this is dw business in berlin. there have been new calls in the u. s. to regulate ticketmaster after the events ticket seller suffered some high profile problems. ticket sales for taylor swift's highly anticipated 50 to date u. s. concert tour or plague by issues as computer systems collapsed under the unprecedented demand. some of the tickets that could be bought were then put up for resale for more than $20000.00. taken master controls more than 80 percent of the ticket market and its acquisition of the events organizer live nation a few years ago, only added to its dominance or for more on ticket master. joining us now is christa brown, a senior policy analyst at the american economic literate liberties project,
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an anti monopoly group. now krista, you've been watching ticketmaster what stood out to you about the chaos surrounding the taylor swift ticket sales? no, i think the most part, how many cameras actually have one more to to asian where we can be to get master and versus bring it customer me. most people have a hard story about trying to get it is being bumped up, thinking something in their car and it being taken off before they actually check out. but the number of people that really have it all at one time for the there isn't a unique aspect. what's happening right now and it's touching, national. i mean, yeah, it really seems like quite a bad situation. how did the ticket sales industry even get in this position in the 1st place with one company being so dominant?
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yeah, you know, it goes away if you actually get mastered backing funny and merged with the largest concert promoter live nation. but even before that merger, it had no called monopoly. they had about 80 percent of the market share. nation was both, they were but radio for the merger. it was going to be a direct competitor. live nation decided that they wanted to get into the, another direct competition which often result in her outcome for, for art it, they merge and therefore it really consolidated not only on to getting layer but also on vertically integrated. who is promoting concert, who is the management reading largest artist, and then it will be in the values. so ever done 20 really, really gotten worse,
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but before that murder, both were a problem in terms of their dominant in the game. well, chris, the, what do we do at this point to fix the industry? what's your opinion on this? i think it gets larger. that is been murder should have never gone through. how did that happen now? the regulators approve it. so the number one series, in our opinion unwinding merger, i mean my separate from to get masters, one of the best example of what the market can end up looking like in terms of fair or healthier competitions is if you look to the british premier league where they actually don't ever interact with the live nation to get masters need stadium don't post concert. and within the british, merely ticket master doesn't even hold 50 percent of the contract with with that
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a. so although it's not a particular situation, it gives an idea to what, what a more competitive marketplace might look like, and what we could go for in the future if there isn't one thing. thanks for breaking that down for us. that was chris brown from the american economic liberties project. while he's got some unexpectedly strong economic news from the u. s. retail sales rose 1.3 percent in october from september. that's up from a flat reading from august suit to september. american stepped up there spending at retailers, restaurants, and auto dealers, and even excluding car and fuel sales growth was a solid 0.9 percent. however, it wasn't all positive. 8 target stocks tumbled after the retailer said, 3rd quarter profits had fallen more than half or for more invest. let's bring in teddy auster at the new york stock exchange. now teddy,
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certainly disconcerting to hear americans are spending less at target, but at the same time, retail sales are up. we've seen inflation cooling. is the economy making a turn for the better? can you put this in context for us? well, this is the biggest increase in retail sales we've seen in 8 months. it could be attributed maybe to some early holiday shopping, but really retail sales are up across the sector. and one may think this is some great news, but we also have to look through the eyes of the federal reserve, right, inflation we have seen it has started to ease last month, which put some whispers out, hey, the fed made ease its interest rate hikes, but now we are seeing very strong consumer spending. we are still seeing a tight labor market, and that may influence the fed to continue its stark interest rate hikes to try to tame inflation. and of course, that could cause a recession in the u. s. economy. now today i also want to check in with you on the
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crypto currency developments. now we've heard that the crypto broker genesis has suspended redemptions of its lending arm. how significant is that move for the crypto market? here they've halted withdrawals. they've also halted loan originations, and they're blaming, of course, the fall of the f t x empire that we just recently saw. it has caused shock waves across the crypto currency markets. and it of course, has hit many of genesis is business partners that includes gemini, the exchange, owned by the week of os twins. and, you know, this appears to be a domino effect happening right now. hitting the values of crypto currency, which were already struck earlier. this year, as well as the legitimacy of the market, which is written with fraud with scans and has been continually called right the wild west due to lack of oversight. teddy auster new york, thank you so much. indonesia has been hosting the g 20 summit this
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week and that's present an opportunity for people there to speak up about the problems they face, including damage to the environment. the country sits on the largest nickel deposits in the world. but pollution from the mining industry is destroying the livelihoods of those nearby to reduce the struggling to make ends meet today. he's just not caught enough to well, but i only caught 2 kilos. i can't even pay for cigarettes without i get the i to go. it's an existential crisis for the fishing village of pseudo way, see, the average catch here used to be 10 kilograms a day. the locals blame the nearby nickel mine, syrup, jude, and says the fish of migrated elsewhere to avoid the hot water being dumped by the mine. yet there's no sign of nickel demand decreasing. it's a key material for batteries vital for the rapidly growing electric car industry.
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an important pillar in limiting c o 2 output globally but it's a catch 22. the ecology of areas near mines like this being harmed in the pursuit of a reduction in carbon emissions. refresh it is an environmental dilemma. it's about giving the melon of cost and benefit and weak. oh yeah. which has the least cost with the higher benefit. any of this is angelica renewables will have at least by the higher benefit. the benefits are not clear to sera jude and yet he doesn't blame the leaders meeting and barley or any one else. pick a lie lack, there will be days when i have money and days when i don't it will depend on god's blessing as he's leaving his future to fate.
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the united kingdom as expected to high taxes and slash public spending when it presents its new budget on thursday, britons are bracing for the worst, especially in deprived areas it to be laughed english tradition in the run up to christmas. $4000000.00 tourists flocked to blackpool on the north east an english coast each year to see the illuminations and dazzling displays switched on for the annual holiday season. that town has decided to keep the lights on that the sea from promenade, despite soaring energy prices to keep tourists coming in. but hotel on a tracy upland says business is very slow right now. looking ahead to next year, she would usually have 40 bookings by now, but they're just 5 or 6. she knows every one is struggling with inflation. that's why she feels she cannot pass rising costs on to her customers. accounts in murray management are going to sit. do you think rockwell,
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what am i gonna do? okay, glenn. oh, racing one. going to do you know i am i to close for bay? i think a lot of people who shop for the week and just type in some season engine as julie and kevin newbies, main worry, is the high cost of gas and electricity. they do avail washing at night time. now instead of during the day, as it is cheaper then, and they're always going around turning off the lights, i was paying a 100 pounds for mallet to come my gas a month. and now i'm paying $220.00. so it's gone up over a $120.00 pounds a month, a foot by yourself then. but don't know whether we're going to get any more increases . black fool already is the most deprived of england's $317.00 local authorities. according to a government report which measures average income employment, health and crime,
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people are struggling to eat. people are struggling to heat their homes as well. that has an akani fact in terms of general health and wellbeing. so we get more peak pulled, that turned off, but accenting, imagine, say more people that might be using drugs and alcohol to alleviate the symptoms caused by the property that i feel in the beautiful seasonal illuminations cannot hide the fact that the prospects are dark for more more people, not only in black pool, that's our show from us here in berlin, thanks for watching. ah. stolen brides in vietnam. they all have become victims of human traffic. sold against their will to chinese men club seeking wives, mostly by their own family or friends.
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