let's bring in our reporter chelsea delaney almost on as we saw in that report there are differing views on president trump's performance on the economy what does the data actually show well this is a really difficult question because president trumpet obviously like to be judged on the prepared to make economy his critics would say that he's made the economy worse through his this mismanagement of the crown of ira's crisis but what the data shows is that the u.s. economy was doing quite well before the pandemic unemployment was at a 50 year low wages were rising and that obviously has all changed tremendously now due to the pandemic millions of people are out of work millions of people are facing eviction but what's true throughout his presidency and also through that is that we've seen income inequality really widen in the u.s. and even in his trial the corporate tax rate cut the booming u.s. stock market those really point to differing winners and we were losers in the united states you know the picture is quite bleak looking now certainly compared with the starts of the year joe bide

all right quickly i would toss financial correspondent chelsea delaney in frankfurt chelsea is it actually possible for the united states and china to go their separate ways well the u.s. and china certainly can't just snap their fingers and i'm tangle what is a trading relationship that's worth hundreds of billions of dollars there are millions of jobs that depend on us china trade china owns about a trillion dollars and in u.s. government bonds so there is a very entangled relationship you can't just get rid of it in a single day but we have seen u.s. companies in particular start to move parts of their supply chain out of china they do want to be less dependent on china but a lot of a lot of companies are quite hesitant to make these very long term investments before the u.s. election because things could change after november if president i don't trump is voted out of office chelsea delaney of france that thank you so much. and now to some of the other global business stories making news. the enemy's technology for the n.t. is suing tech talk the popular short form video absinthe it do

tick-tock owner bite dance and we chat for fun and for more on this i'm joined by my colleague chelsea delaney chelsea good to have you with us chelsea are there signs that the trade agreement is falling through and what would that mean. well as with anything relating to the u.s. administration there's a certain amount of rhetoric and there's a lot of different voices coming from the white house so other people within the administration have said the deal is on track trump has been a little more cagey on that he did say yesterday that he doesn't want to talk to china right now and that we'll have to see what happens with with this trade deal so he is sort of walking it back a little bit and there is there is technically reason for that china has really fallen behind on its on the commitments and made in january to buy an additional $200000000000.00 worth of u.s. goods over the next 2 years it's only bought about 5 percent of the energy products that it said it would buy it's really behind on agricultural products as well and that's really because of the pandemic they really can't be importing

illness i speak to our reporter chelsea delaney welcome along chelsea so we'll talk about the global picture shortly but in africa with 5 g. how much progress has already been made well very little so far we do have south africa beginning to roll out some services but it's really the only place and africa that's been able to do that so far and really there are a lot of constraints or african telecom companies it's extremely expensive most companies have to invest billions of dollars and to me into building up these networks and in africa it's unclear if they'll be able to get that money back because most customers aren't going to be willing to pay very high fees for $5.00 g. phones or 5 g. service so there's really not a lot of incentive for them to be spending all of this money on $5.00 g. networks at this point meanwhile in europe it seems at times like 5 gymnasts popping up all over the place for europe how much work is there still. to be done there's still definitely a lot of work for europe to do they're certainly farther ahead than africa but they are certainly lagging places l

euro zone economies france italy germany old posted huge drops to our financial correspondent chelsea delaney in frankfurt assesses the damage and the potential for recovery. the world was braced for really stunning contractions and the european economy and the 2nd quarter but the scale of the numbers we've seen this week has just been absolutely stunning and not just here in europe but in the united states as well the question now really is how can the economy recover from a blow this big we have already started to see some tentative signs of recovery things like consumer confidence business confidence production exports have started to improve but the big overhanging fear is of course of a 2nd wave of infections we're already seeing this play out in spain where the rising number of cases has led many european countries to advice citizens against a troubling they're about will add more pressure on to the spanish economy which already contracted 18.5 percent and the 2nd quarter but even if we do you avoid a 2nd wave of infections it will likely take years for european economy to fully recover

and let's talk more about this with chelsea delaney from the business she could have you on the show we know that there's been a lot of heightened rhetoric in the past few years between the u.s. and china especially as it relates to businesses as well should we believe that this is part of the heightened rhetoric or is there evidence that there should be concerns frankly about tech talks relationship to china there's no evidence so there's really no hard hard data no evidence that shows that. that tech talk has been giving to the chinese authorities but what a lot of what the u.s. administration is saying and what experts are saying is that it's possible so if you're a chinese company you do have a responsibility you have a legal mandate to hand over data if the government asks you for it so that's definitely part of the concern but you do have to take you know as part of this in this broader backlash and this broader escalation in tensions between the u.s. and china it's not just have talks that's really come under pressure we've also seen this with holway which is the chinese telec

let's talk about that with chelsea delaney so the microsoft reckons by buying up that business you know it will have control over users private data right now to talk stores the daughter in the u.s. it's back up is in singapore what's going to change. so this is really the big question is who has control over over this user data tick-tock and its parent companies say that the user data u.s. users a safe that they stored in the u.s. and they have a backup in singapore and they would not turn it over to chinese authorities a lot of legal experts on the u.s. administration say they don't really buy that because chinese companies generally have a mandate that if the government asks for their data they do have to turn it over so this is obviously not just related to tick tock it's become a much bigger security risk in the united states where the united states a lot of other companies companies it's targeting for similar questions is this quite a cliff deal that microsoft is. drawing up basically because i mean it's preempted this band it foresees a quite a cliff a business deal by saving to

in this story let's bring in our financial correspondent in frankfurt that's chelsea delaney good morning to you and our man in taipei strong hands sue good morning to you too and i'd like to start with you. because why if you will listing and both of those basically taking place in china. well actually the end financial is not the 1st chinese company to list both in china and hong kong we know companies like net. and financial sister company the ole went to hong kong for listing and there are several reasons the 1st reason is because hong kong has a very special financial status so for these chinese companies hong kong like the united states is considered off shore investment with the stock market turnover comparable to other major exchanges and secondly hong kong as an international foreign exchange trading center can always meet the demand for foreign currency fundraising especially in u.s. dollars and compared with the madeleine hong kong alyson hong kong always attracted more coverage and more reports from multinational investment bank and research institute that's not here to track

was professor jeff kingston from temple university in tokyo talking to us well time to bring in chelsea delaney now how our financial market correspondent in a friend for chelsea good to see you tell me what is the financial world saying about this wreck sick nation. it has been a bit of a shock to the markets and we've definitely seen that reflected in both the japanese stock market and also the currency markets obviously there have been reports that shinzo are they have been in and out of the hospital the past couple of weeks but nobody really saw this coming today and of course this does come at a terrible time for japan when their economy is facing a record contraction. obviously a controversial figure but he has been seen as really a stable hand over the past several years so the last of that and this really dire economic situation is a bit of a blow but obviously the big question now is what's going to happen with an object and exactly and with 20 seconds to go you have a chance to tell us who could be the possible successor of. there are a lot of names on the potential successor list it

services now for more on this story let's bring in our financial correspondent in frankfurt that's chelsea delaney good morning to you and a man in taipei it's so hans soo good morning to you too and i'd like to start with you. because why is it you will have listing and both of those basically taking place in china. well actually the end financial is not the 1st chinese company to list both and china and hong kong we know companies like net. and financial sister company they all went to hong kong for a listing and there are several reasons the 1st reason is because hong kong has a very special financial status so for these chinese companies hong kong like the united states is considered offshore investment with the stock market turnover comparable to other major exchanges and secondly hong kong as international foreign exchange trading santer can always meet the demand for foreign currency fundraising especially in u.s. dollars and compared with the madeleine hong kong alyson hong kong always attracted more coverage and more reports from multinational investment bank and research institute that's

the list of technologies that are restricted for exports we asked our financial correspondent chelsea delaney in frank for us what's behind the move well of course china isn't saying explicitly that this is a form of retaliation for what the trumpet ministration has done but it clearly is these new rules will definitely make it more difficult for dance as it seeks to sell the u.s. operations of tick tock its its artificial intelligence and especially things like speech recognition and content recommendation that's really what makes this company valuable and now. whoever buys the u.s. operations of tick-tock would have to have approval from the chinese administration but this also of course this comes amid a very tense environment between the u.s. and china where we're seeing more and more a strict trends on technology between the 2 so it's certainly part of this new coal technology war between the 2. to kenya where the millions of people who work in the so-called informal sector have been especially hard hit by the point i make in our next report we need a construction worker and a cook who a

the list of technologies that are restricted for exports we asked our financial correspondent chelsea delaney in frank for us what's behind the move well of course china isn't saying explicitly of that this is a form of retaliation for what the trumpet ministration has done but it clearly is these new rules will for one definitely a make it more difficult for dance as it seeks to sell the u.s. operations of tech talk its its artificial intelligence and especially things like speech recognition and content recommendation that's really what makes this company valuable and now. whoever buys the u.s. operations of tech talk would have to have approval from the chinese administration but this also of course this comes amid a very tense environment between the u.s. and china where we're seeing more and more strict trends on technology between the tears so it's actually part of this new coal technology war between the 2. to kenya where the millions of people who work in the so-called informal sector have been especially hard hit by the pandemic in our next report we need a construction worker and a