and we'll talk to american author jeremy rifkin who argues the u.s. needs to massively overhauls economy to become greener. this is your business report i'm stephen bears in berlin it's good to have you with us california both one of the world's largest economies raking close to the u.k. in total annual output or g.d.p. that's one multinational firms pay close attention to regulations in the state and that's why the world is watching california's new gig economy law which went into effect wednesday the measure aims to protect free lance and contract workers by requiring many to be reclassified as employees but there's a lot of controversy around the law. the new california law says some independent workers will have to be treated as employees that means they'd be entitle to minimum wage overtime payments and benefits including health care before the law took effect workers for companies like it were classified as independent contractors as a result right hailing company goober and korea company post might launched a joint legal action against the stat

member join the euro we talked to creationist finance minister and we'll talk to american officer jeremy rifkin who argues the u.s. needs to massively overhaul its economy to become greener. i want to get jones in berlin welcome to the business good to have you with us asian markets started the year on a positive note both shanghai and hong kong gained more than a percent on the 1st day of trading in 2020 across the index in south korea literally began 2020 with a file work but gave up early game soon markets seem to be torn between optimism over an upcoming u.s. china trade deal and worries about moving geopolitical troubles including recent threats from north korea. i want to bring in our market correspondent in frankfurt only bad so it's good to see you back in 2020 tell me give it back fire works in europe today as well. i think that would be a little bit too optimistic the fireworks you saw that in 2019 when the dax here advanced by about 25 percent and you saw records on wall street and i think there's a bit of trepidation going into this year irregardless of what happens to today in the

china trade and geopolitical worries also on the show we'll talk to american author jeremy rifkin the argues the u.s. needs to massively overhaul its economy to become greener. and croatia assumes the rotating e.u. council presidency but when will the e.u. the youngest a member join the euro we'll talk to a gracious finance minister. i'm going to jones of berlin welcome to do that we have business well markets from asia to europe has started 2020 on a strong note with germany's dax up more than half a percent and hong kong closing at a 5 month high a cost the index in south korea literally began 2020 with a firework and then gave up early gains soon markets seem to be torn between optimism over an upcoming u.s. china trade deal and worries about looming geo political troubles including recent threats from north korea. now for more let's bring in our market correspondent already bards who's in frankfurt only. not exactly fireworks in new york but it didn't start on on a too bad a note did it what's what's pushing stocks right now. yes certainly not to mention the gains in frankfurt the

appear to be winning itself from fossil fuels just how long can that carry on economists jerry jeremy rifkin has a proposal for a solution in his book the green new deal but before you go and read it here's an extract of an interview rifkin gave to our correspondent all over solid and washington i think what people don't understand is the entire civilization is made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. food additives and preservatives are power to transport our eat our light everything so what's happened now ever is that we are now in a pivotal turning point for this fossil fuel based industrial civilization. we have now spewed so much carbon dioxide into the atmosphere to maintain this industrial way of life that we are now finding ourselves in wheel time climate change frigid winter of 70 below 0 and blockbuster winter snows massive flooding across our land masses in the spring summer droughts and wildfires on every continent hurricanes and typhoons across the entire autumn every year around the world our scientist

also on the show we'll talk to american also jeremy rifkin the august the us simply overall its economy to become clean up. crew asia assumes the rotating presidency but when one of the youngest members join the euro we'll talk to a gracious finance minister.

member to join the euro we talked to creationist finance minister and we'll talk to american or 3rd jeremy rifkin who argues the u.s. needs to massively overhaul its economy.