of the show german fin tech company y. a car gets ready for strategic alliance with japan sucks but. this is business. impeccable beaches the rolling hills of the plantations and vast jungles with wild elephants this is what attracts thousands of tourists every year the devastating terrorist attack on easter sunday left the island associated with violence and deaths last year been named one of the top tourist destinations for twenty nineteen and tourism made up around five percent of the country's g.d.p. last year already it was its fastest growing source of. the attacks will likely economy back and this in the show. the beaches are empty a result of the terror attacks most tourists have gone home others are too scared to come. off. then things seem to calm but. just can't. but i find a big fat. and he said i'm on. holiday business is important for sri lanka before easter sunday the country's financial situation was already rough last month the i.m.f. extended a one point five billion dollar loan into twenty twenty analysts have commented a collapse of the tourism sector could cause

of the show german fin tech company why a card gets ready for strategic alliance with japan's softbank. this is business. impeccable beaches the rolling hills of tea plantations and vast jungles with wild elephants this is what attracts thousands of tourists every year but the devastating terrorist attack on easter sunday left the island associated with violence and death at the end of last year's will be named one of the top tourist destinations for twenty nineteen and tourism made up around five percent of the country's g.d.p. last year already it was its fastest growing source of foreign currency the attacks will likely said sri lanka's economy back at least in the short term. the beaches are empty a result.

also on the show german fin tech company wired card gets ready for a strategic alliance with japan's softbank. and three days after the terrible easter sunday attacks in sri lanka the island's hotel and hospitality sector worries about the impact on tourist. island welcome to do business good to have you with us a study by consulting firm eve why has revealed a striking difference in the size of profits u.s. banks are making compared to their european counterparts taken together the ten largest u.s. banks last year made a profit of one hundred and thirty eight billion euros now compare that to the top ten european financial institutions they made fifty two billion that is less than half as much j.p. morgan chase was leader of the pack in the u.s. bringing in a massive twenty eight billion euro profit in europe it was ages b c that came out on top with twelve billion euros now some major names like door chipmunk are way down the list with a relatively speaking of course measly profit of two hundred sixty seven million euros so why are european banks lagging so far behind. and now the

. >> why don't we look at the brazilian fin tech company backed by ant financial, falling 24%, the first most since it wet public. these are payment processing companies. to company will apply prepayment. stoneco gets half its revenue. it will create pricing pressure and force some to reduce fees or stand its ground and lose business potentially. that is why shares are down 24%. 1.3%. down still with us is sean matthews and luke. you mention the nasdaq 100 at a record high, and closing higher again today. the s&p 500 can't get there. what is holding it back? >> this is part of tech having been the leader for this market and rally. think health care is the second biggest sector. ,hen it takes it on the chin that is more or less what you are seeing. the big battle will be how much tech can continue to do this. it is the highest it has been com bubble.ot how much longer can it extend? marketsyou look at the isht now, the smart money that it will continue to rally hard into a china deal. people will have to position a quarterly. -- accordingly. there is a little chase going on here. look at

we are going to continue to see though investment not just in crypto companies but also in fin tech companies across the board last year was a record investment forty billion dollars flowed into fin tech. last year that's a was up one hundred twenty percent on the year but then on the year prior and in our book that's that's a lot of what we're going to talk about technology whether it's big going or other crypto assets or lending or remittances or payments technology is transforming the financial industry across the board well and certainly when when people talk about crypto currency and they talk about blocking those are. connected and similar issues but still very different technologies in terms of the the overall application i want to ask you as well because for instance you know big close what the first quarter of twenty seventeen. was with him point nine one percent gains i actually really think that's because as a twenty one thousand i said twenty seventy so this year it's doing really well in comparison to what it has been doing it's certainly not december. twenty seventh doing. what

it's buffett backing high growth fin tech company they have great service, low fees >> what's the marketo weeks ago. it given back to last week, it is a company that is growing 100% and it is last quarter. tl custom the customer service -- >> if you get on this? >> it is a brazilian play. >> broadly speaking just markets generally. you picked out some good picks, we'll see. are you broadly positive on the market are you on the view it is going to be multiple expansion >> i think we are looking for earnings growth to slow down that's baked in the cake we are listening to what the market is telling us the best tell of the market has been semiconductor sectors any time the relative strength starts to lag, three or six months later you see the big sell-off taken place right now semis strength is at a high verses the s&p 500. we think that's something is an arrow in the market capital so to speak to the fact that sentiment going into the earnings season is negative not just for the material sector but the overall market as well >> thank you, sir. >> good to see you >>> let's get down to the n

companies. tell us where you see the growth in the economy right now. where are the exciting deals oui have spoken on that's close to both of us is fin-tech, financial technologyat type of companies are going to be able to change how people are saving, how people -- for retirement, to pay their bills or how are people paying for things, how are transactions being done globally. so fellowship-tech's one that's -- fin-tech's one that's very big, but another one is consumer tech. how you go and buy a product and the type of product you buy has changed so much since we all have a phone in our pocket. that change is going to continue -- maria: so it's all about technology changing the way we do things. >> absolutely. and doing things for the better. so the winner, for certain, is the consumer because you can -- if youen want to buy something right now, you can pick up your phone during a commercial, order order it, and it can be at your house when you get home. [laughter] that's good for the economy. people are spending money, but it's easier and better for the consumer, and the people who figure those companies out are cashing in. maria: we are now on the doorstep

euros in german financial technology company wide or stake a five percent cut specializes in electronic payment services and was a rising star of germany's fin tech sector but was shaken for a while by a series of allegations about its asia operation. through at the beginning of may no country will be able to import iranian oil without sanctions that's what the u.s. government said on monday the oil market was quick to respond and in the long term some countries like turkey abound to struggle once iran's oil stop is turned off but there's no doubt iran itself will be hit the hardest. inflation is up by over fifty percent that means everything is getting more expensive for ordinary iranians but hardly anyone wants to comment on the situation publicly. yet there's already many of you do some have a fixed limited wage like us when prices rose we had to change a lot of things our rent went up we were forced to spend our money on rent instead of food. capital. before us and. in other words money has been losing its worth since u.s. sanctions on iran were reinstated in november of last year. for. life before the sanctions was hard for maybe half of the

mastercard is a $257 billion company that is just pure fin tech notice paypal, they cannot seem to get it is the quiet $250 billion man just delivers it. >> look at that. 251 gross dollar have volume. >> i think he wants to focus on this company because 250 billion, by the way, visa was not as good but visa was darn good, it fits an all time high these are two companies if you own, you look like a genius. they're in your wallet is it in your wallet, think about it that's a good placement. >> i got to ask you financials in general disney is the best jpm is right behind. wells up their year-end target to 30.88, based on the love that banks get. >> they're trying to get -- you once again get ahead of the curb i think people are realizing, you can't let this group go for 9 or 13 times earnings how about deutsche or how about 35 or 40 you have a group that does not deserve to be more but catching up for the rest of the market the next thing is single payer a concept that it is medicare for all. it is not going to happen and we'll start paying up. hca, that was an unbelievable good quarter,

financial technology company wire card in a deal that could give it more than a five percent stake wire card specializes in electronic payment services and was a rising star of germany's fin tech sector but was shaken for a while by a series of allegations of irregularities in its asian operation. it has health plantations and the chance to see wild elephants attract tens of thousands of tourists to st lanka every year but the devastating terrorist attacks on easter sunday have shaken the country where tourism accounts for five percent of g.d.p. the hotel and hospitality sector now fear is the effect on visitor numbers. the beaches are empty a result of the terror attacks most tourists have gone home others are too scared to come out of people not often that winding up in me i think it's a good thing if it seems to come that someone has been awful and yeah just pennsylvania but i'm getting that the good but the peace and he said democracy says . the holiday business is important for sri lanka before easter sunday the country's financial situation was already rough last month the i.m.f. extended a one point five billion dollar loan into twenty twenty analysts have commented a c

these governments are willing to invest in fin tech so when you look at vietnam they have programs and government programs which give tax rebates to new companies the startups as well as the fact that they have programs to educate these people and also to put money into these programs so these countries really want to push this forward something that we're not seeing as much of here in north america or in the western world for that matter it seems like they're kind of following in the footsteps of norway or less than ten percent of the population still use physical cash so right now t. mobile is betting on a cashless society future and it's planning to roll out a mobile banking program that offers customers no fee checking accounts now the last time to try to roll this kind of program out in twenty fourteen it didn't really catch on but what about this time. doing what the rest of the world is doing is just jumping on board here we have a graph for you which is kind of explains i know it's from the u.k. so it's a very particular market but it explains exactly what's going on in the world when it comes to this it's the trend it's not changing an

many large fin tags here in germany and you know saucepans softbank or its owner mr muscle your she saw this is a huge investor know for investing always in the best when it comes to tech companies like yahoo japan slack and many others are investors of soft bank and wire cards now is you know part of the good and renowned family i would say it's definitely one to watch thank you very much. that's it for me on the business as a team here and a burly for more business background stories to go to a website called slash business. news that's up next there's a quick look up global so let's watch. what's the value of a human being. about ten euro's in purely chemical terms. in this brave new world we're constantly being analyzed and really value. people nothing but commodities. which show you doesn't individual have made in germany thirty. keep learning. wait a second we want the whole to show our facts instead of make ideas shift deliver us . from admitted reality to cryptocurrency to your topics for live in an ever changing digital world let's start the digitalisation. just. on t.w. . i'm secure in the volume or that's hard and in the end it's a me you're not allowed to stay here a