Transcripts For DW Business 20190615 : vimarsana.com

DW Business June 15, 2019

Hurt american businesses and consumers. Joins us now from wall street there you are young its good to see you yans how we had any reaction from the white house to this letter. Well i have not seen the no official response from the white house but there has been a group from the Business Roundtable led by jamie diamond the head of the biggest u. S. Bank j. P. Morgan meeting with the president on friday about the topic was partly about not so much china a bit more what happens to the Free Trade Agreement with canada and to mexico and so the businessmen they were pushing hard at the president or try king to make a case how dangerous it would be to impose tariffs for example mexico is that this would really be hurtful to the u. S. Economy when it comes to china the u. S. President does not seem to be in any rush to get a deal done and here we have 2 topics on the table one question is will the terrorists that are already in place be dialed back if there should be a deal with china and the other question is if there might be even a new terrorist but we will have to wait and see till the g. 20 meeting at the end of the month so how this story develops but thats not the only thing that markets are waiting for of course next week also promises to be a big week for the markets with all eyes on the Federal Reserve what do you think is expected. Yes on wednesday we will get the answer if the Federal Reserve seems to be ready at least for Interest Rate cut the cut itself will probably not have been next week but the Federal Reserve could change the wording and the phrase patient and if they do that was their protocol that actually would clear the way for a possible rate cut by end of july here on friday u. S. President donald trump once again criticized the Federal Reserve saying without your own polland the Interest Rate increases that weve specially seen in the past year the Dow Jones Industrial average would be at 10000. 00 points higher whatever the argument here the reason why wall street is still pretty much on trade is the hope for Interest Rate cut pretty soon even if we traded to the downside slightly here on friday for the week actually it was an up week and it was the 2nd consecutive positive week here on wall street the fed remains under pressure to cut the key Interest Rate yes quarter there on wall street for us thank you. And to another front of that trade conflict we mentioned earlier india is planning to impose a retaliatory tariffs on over 20 products imported from the u. S. Its a response to washingtons decision to withdraw preferential trade treatment for india earlier this month its expected extra levies will be placed on American Elements walnuts and apples among other things a source within the Indian Commerce Ministry has been quoted as saying the us will take a hit of around 2 120000000. 00 as a result the white house has warned that the emphasis of higher tariffs by india could break World Trade Organization rules. German drugs and Chemicals Company buyer has launched a p. R. Offensive to counter the growing criticism over its we kill or roundup and the controversial key ingredient cliff is it which is said to cause cancer roundup was a top seller of u. S. Agro Chemical Company monsanto and and now belongs to buyer after 63000000000. 00 merger last year. Buyer is making headlines once again following talks with politicians shareholders and environmental activists the company has conceded that it must make changes they promise to invest 5000000000 euros in research over the next 10 years to develop a more sustainable alternative to glyphosate in the p. R. Campaign however fire is repeating it sorry im old mantra of life a site is safe when used correctly and it wishes to continue selling the product but the very existence of this p. R. Campaign shows buyer is feeling the pressure court cases in the us have done particular damage to the companys image and their bank balance by a was sued for 2000000000. 00 in may by a married couple who both got cancer and a further 13400. 00 people have filed lawsuits their dented reputation is reflected in the share price which is almost hard in just one year shareholders are not happy and they didnt hold back against c. E. O. Of in about a month at the annual Shareholders Meeting and i pulled they fear the acquisition of months santa and with it the weed killer roundup could spell the end for bio environmental activists just as unhappy they pointed out the potential risks of life a site long ago. Flying around the world may be fun but we already know its not good for the planet in fact air travel accounts for about 2 percent of manmade climate killing c o 2 emissions heres what could be a Silver Lining scientists and zurich have developed a way to create fuel from thin air. Some things sound too good to be true but this many solar refinery on top of theory c. T. H. University might revolutionize fuel production in the 21st century the reactor inside the center of the parabolic mirror extract c o 2 and water from the atmosphere to create fuel with the help of the suns energy. Basically we can produce. Fuels such as. Will be the chip fuel in this case we have producing make that known you can also produce. Nuclear. So is this the answer to everything well not really in the end it always comes down to money. In the Production Capacity of our power plant is still very limited but we cant make more than 100 milliliters the day and that makes the process very expensive. But this is only a demonstration unit in spain theyve built a bigger reactor to test if the procedure is feasible. So this sort of reactor is 10 times bigger than the one at the e. T. H. Syrup i mean. This proves that our Solar Technology is scalable. This means that we can make it bigger and eventually even me on an industrial scale. Scientists say a solar plant spawning an area of one square kilometer could produce 20000 liters of kerosene a day 1st plans have been made to launch a commercial system by 2025. Now do some other business stories making headlines if i announce ministers have created the outlines of the euro zone budget ill get with an exact sum get to be decided french finance minister Bruno Lemaire called the proposals a game changer that would improve the way the eurozone works this comes amid criticism that germany watered down french proposals in visioning a more closely united eurozone future. South African Banks are falling behind on digitization because of a shortage of qualified workers the countrys 4 biggest lenders told the Reuters News Agency they were having trouble meeting demand for online and mobile banking because of a tech skills gap. A museum devoted to Money Matters has opened in paris see taiko aims to explain systems underpinning the World Economy visitors can touch a gold bar learn how to play the stock market and print their own paper money here traction is banking on getting 130000 visitors a year its opened inside a former branch of frances central bank all owing a 50000000 euro renovation. The Demilitarized Zone between north and south korea has long been a symbol of war and division but the recent opening of a number of peace trails nearby is giving the frontier area a new image and encouraging koreans to envision an era of less hostile relations. Flanked by a barbed wire fence and guided by a soldier they make their way along the peace trail. The South Koreans are taking part in the government organize hike that crosses an area that was closed off to the public for decades. The trails are part of a tourism plan that was agreed to as an intern korean summers in pyongyang last year. The meeting spurred hopes of a thaw in political and economic ties between the 2 countries. But for walkers the signs of simmering tension are impossible to miss for many this stretch is a poignant reminder of the distance they still are from peace. Although its a short distance i feel touched as i walk along the trail intercutting in relations were Getting Better but now they have stalled again i hope that theyre reinvigorated so that we get to travel between the 2 countries freely. Looming in the distance and emblem of what such freedom could enable. North koreas. Summer pending a breakthrough in relations hikers from both koreas might one day scale together. And thats it from me abu dhabi a Business Team here in berlin thank you very much for watching and have a happy weekend. Shed have to get through the bundesliga break without a football thanks again. The ones who come from the center of the motion not some of the 6 wings united womens move. The goalposts the results d. W. People for the information. They want to express. On facebook and twitter today in touch follow us. On the feeds all happening. Pretty. Sure link from africa to the world. Your link to exception stories and discussions continue and will come to student news actually program tonight from funny gentlemen from the news of these eat and what i would say debbie that comes much africa joined us on facebook at g. W. Africa. This is news africa coming up in the next 15 minutes how can i forgot my needs its population growth the continents 2nd was populous country has found one solution is it want to follow. Green christian is being watched and money ted everywhere in this electronic world many are comfortable with bought in one township near cape town the citizens demand more surveillance not less. To angola we need some of the better

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