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tv   DW News  PBS  September 30, 2016 6:00pm-6:31pm PDT

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[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit] >> it was down, down, down. now it is up, up, up. shares of joint to make -- deutsche bank, does this mean a coming back for germany's biggest lender? donald trump's campaign calls it the single busiest -- biggest cord needed media tack after he comes under fire from democrat rival hillary clinton for tweets that seem to be shaming a former miss universe. and touchdown.
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jubilation as the space program and a speeding,. this is deep and scientific understanding and captured the public's imagination. i'm sarah harmon, welcome to the program. friday sought a roller coaster ride for deutsche bank. share prices on the frank for stock exchange after the bank reportedly reached an agreement to settle legal penalties in the u.s. and it looks like they will be paying significantly less than what is expected. the news agency afp says deutsche and the u.s. government will settle on a $5.5 billion payout. it might sound like a lot but the americans were originally demanding $14 billion for the german lender's role in the 2008 financial crisis.
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a big sigh of relief for the bank. the german government. and perha people in general. for more, i will bring in our colleague from our business desk. good to have you here breaking down the story. give us context. how bad is this? the next lehman brothers or are they out of the woods? >> i don't think it is. despite what they are facing, the bank has much more liquidity. have 200 billion euros and they are not on the verge of going bankrupt. having said that, we are seeing an enormous decrease in trust. that is a pity when you are a publicly traded company. you have to present strong numbers in order for people to trust them with your money. if that's not right, people lose trust and your share price goes down. this is the matter that deutsche
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bank is facing at the moment. >> a penalty forced to pay? >> we see a similar picture. there is less trading, less speculation on markets going on. but we see the low interest rates having an impact on the core business. so we have high costs. it these are the underlying problems, but of course, having been faced with a final $14 billion in the u.s., it was a major problem and even though this is been reduced, it is also posing a big challenge. sarah: you will have more from new york later in the program. thank you for being with me. russia has rejected a claim made
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by a syrian monitoring group that says airstrikes in the country have killed nearly 10,000 people including hundreds of people. the strikes are provoking a bloodbath among civilians one year after it began. military intervention is popular , the effort to prop up the government. bashir al-assad is seen as short of strength. reporter: a year of russian airstrikes has turned parts of syria into hell on earth. but it has enabled troops loyal to bashir al-assad to make gains against rebel forces like here in eastern aleppo. we've killed hundreds in the last couple of weeks since starting a push to take the country's biggest city. food and water are in scarce supply. they are on the verge of collapse.
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>> up until the last few days, there have been eight hospitals functioning in aleppo. none of them fully functioning due to earlier attacks. a couple of days ago, you may be aware that the two largest hospitals were deliberately targeted and are now nonfunctional. seeing the capacity of health workers in the city to provide life-saving medical care for many innocent children, women, and other innocent civilians. reporter: the russian governmt says they are preventing terrorists from taking over the country. >> we have not achieved in the
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region or even more so outside of the region. and now, when the decisive backdoor for aleppo is being developed into a rather bloodbath, russia and some muslim countries are going to be seriously strained. this air campaign continues and those on the ground have no escape. sarah: for more, i'm joined by a political analyst at lancaster university. good to see you. the russians have been involved in syria for a year now. what effect is that having on the ground? >> from the pictures you have pshown, we can see the effect it has had on the ground.
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huge destruction across syria, cities destroyed, communities destroyed. ultimately, what we are seeing is that it has been propped up by russia. just when it seemed like the assad regime is going to be toppled, russia has come in and really held it up. it really supported it, offering security. it has had a massive impact on the number of deaths and the widespread destruction of the syrian state. sarah: why did russia decide to get involved in the first place? >> a number of different reasons at play. there is a geopolitical game that russia is playing with the u.s..
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moscow is quite keen to demonstrate you can't get these issues resolved. i guess a demonstration of russian might. russia has control of a naval base in syria, which is a really quite strategically important naval base for russia. i think that is the second dimension. there are a couple of strng and important points this year. sarah: it has been the role of the syrian president bashir al-assad. how closely is the leadership allied? could they dropped him at some point if it was no longer advantageous? >> i think it's a really important question. if we look at what bashir al-assad is doing, his ideology,
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there doesn't appear to be all that much similarity between him and moscow. if you look at what the russian press has been saying, there are rumors that moscow was getting ready to drop a sod -- assad when he was no longer listening to moscow and not being all that useful. what we see is that moscow has realized that the sheer al-assad is useful as long as -- it tells us a great deal of about how long russia will continue to support him. and let's not forget, it's the regime that is responsible for around 90% of the deaths in syria. it is estimated 400,000 people have died in this conflict. the regime is responsible for 99% of those.
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there will be more deaths, more destruction, and the people of syria are going to pay the heaviest price. sarah: u.s. president barack obama and former bill clinton delivered eulogies. >> it left for the last time. it's the end of an era for israel. paris was the last of the founding generation. his final resting place, hallowed ground reserved for the great and good of israel. dignitaries included present and past heads of state from around the world. the german president and foreign
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minister were also there. undermining the special relationship between germany and israel. it had a particular significant. >> he soared to incredible heights. he was a great man of israel. he was a great man of the world. >> it was this undying hope for peace that paris was, at times, mocked for. >> his critics often claimed he was naive, overly optimistic, a
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dreamer. they were only wrong about the naive part. he knew exactly what he was doing being overly optimistic. he knew exactly what he was doing with his dreams. reporter: in the end, he dreamed of lasting peace. president obama: he decided it was better to live with a longing not for the past but for the dreams that have not yet come true. and now this work is in the hand of israel's next generation.
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reporter: paris would not live to see the piece he wanted and it could only be hoped that his very ideal will not be buried with him. sarah: to the u.s. presidential race and a twitter exchange between donald trump and hillary clinton is raising eyebrows. in an early morning rant, trump attacked a former miss universe, calling her "disgusting." he came under fire over his treatment of alicia machado during this week's presidential debate. this controversy has gone to a whole other level. trump said that clinton gave her u.s. citizenship so she could use her in the debate. he said using her in the debate as a paragon of virtue just shows that crooked hillary suffers from bad judgment.
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clinton hit back saying that trump comments were "unhinged, even for trump." what kind of man stays up all night to smear a woman with lies and conspiracy theories? he has faced criticism for his treatment of women. something clinton might be able to capitalize on. here is what clinton had to say about the presidential debate. secretary clinton: one of the worst thing he said was about a woman in a beauty contest. he loves supporting them and hanging around them. and he called this woman "miss piggy." then he called her "miss housekeeping." she has a name. alicia machado. she has become a u.s. citizen and you can bet she is going to vote this november. sarah: five weeks to go in you
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can bet we will be tracking the outcome and every development for you. we will take a short break for you. rosetta over and out, bidding farewell to a pioneering space probe. i doubt everything you need to know after the break. don't go away.
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sarah: welcome back to dw news. harris has been laid to rest in jerusalem. the statesman died earlier this week at the age of 93. he was the last of israel's founding fathers and was awarded the nobel peace prize for his efforts to achieve peace in the region. i will hand you back over now for more from the business desk. our top story at deutsche bank. >> there are reports a big u.s. government penalty has been massively reduced according to the news agency afp.
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they will only have to pay $5.4 billion to settle litigation regarding this selling -- misselling mortgage securities. originally, authorities wanted $14 billion. the news sent shares soaring. reporter: it was a roller coaster ride for the share price on the frankfurt stock exchange. shortly after opening it drop significantly. the share price fell below 10 euros. analysts spoke of a selloff. it became news, ending 6% over the previous day's close. germany's biggest lender had put aside 5 billion euros for litigation costs, but only half of that was intended for the american mortgage scandal. that means the bank has to come
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up with 2.5 billion euros. they are far from being sold. that is because it is questionable if they can raise the money on its own. it is similar to the downfall of lehman brothers. similar consequences are seen as unlikely by analysts. this isn't a crisis similar to lehman brothers because authorities, regulators, and a bank like this cannot default because it is relevant to the system. it has to solve its problems. the german government says a taxpayer-funded solution is near. >> let's cross over to our markets man in new york.
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as a, the reports about this settlement with u.s. authorities are unconfirmed. still, investors seem to buy it. reporter: it seems so, and what a day for shares. around $5.4 billion cheering up investors as banking stocks jumped 50% after falling 7% earlier in the day. closing the five day trading balance on a positive note. and the good news also helped lift up financial stocks in general which gained over 1.1%. as for now, it seems that without official confirmation, any eventual settlement was certainly be below the $14 million opening by the department of justice.
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investors seem to think that this will stop the bleeding which is under the $18 billion mark. don't forget shares have over 45% so far this year. >> they said speculation against the bank had tried to undermine trust. will that stop them now? >> it should help, but some analysts are still skeptical. let's not forget the bank only had 4.5 billion euros to deal with legal matters. so if it has to pay around $5.4 billion to the department of justice for some legal advisors, it could even be worse than the
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one related to the subprime mortgages. they will have deutsche bank have some cash to deal with these issues. >> and what do they have to capture? >> they settle with the department of justice on the subprime payments. they insist it will end up having to raise more capital even though the ceo insisted this will not happen. what is true is that they need to strengthen internal controls going forward. and deutsche bank is the riskiest entity for the global
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financial system. >> reporting from wall street for us, thank you very much. not the only german lender, it was the worst performer on european exchanges on friday. the interest rates are hitting hard. the chief executive says the company needs to free up cash to digitalize services. don't expect this number to stay the same. almost 10,000 positions by the year 2020. that is what they had in the press conference earlier today. >> the technology enterprise will employ fewer people. we will therefore not be able to
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employ as many people as we do today. it is completely unrealistic to achieve the kind of growth we would need to compensate. >> that is all the business news for the moment. sarah: ending a 12 your mission by touching down on a speeding comment -- comet. scientists at mission control show it making its final landing. since 2008, it has been gathering information about the origin and nature of comments. that allowed rosetta to take unprecedented close-up images before touching down on the surface.
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from the european space agency, andrea, it's good to have you with us. you worked for more than a decade now. talk us through why the mission had to and this way? was there no other way? >> there would opportunities to terminate the mission in another way but week concluded this was the best way. it was such that it goes away and we want to produce -- therefore, we have to decide the mission and the best way to conclude the mission. sarah: and what have you learned about the universe? >> it was a mission to understand the origin of our
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solar system, our planets, and life. so what we have found there, we are sure to find the pieces of the puzzle that we need to put together. we found chemical elements. they may be the elements that trigger the formation of the solar system. we see that there are elements that could have triggered life on earth. >> fascinating discoveries from rosetta. the mission is accomplished. what is next for the european space agency? >> if we just limit ourselves to the exploration of the solar system, arriving at mars, we can try to explore mercury.
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we want to fly to jupiter. we are preparing another rover to operate so that the small missions can come out. >> a lot to come there for you. thanks for being with us today. it is friday night in germany and we have a little treat for you. get ready for 23 giant panda cubs. they made their public debut and were born at the research base for giant panda breeding. researchers say improve reading technology has led the number of newborns there to almost double compared to last year. no fewer's -- no fewer than 10 pairs of twins.
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so cute. a quick reminder of our top stories. could it be over for deutsche bank? it has reached an agreement with u.s. authorities to settle an investigation keep watching for answers. i will see you soon.
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>> this program is brought to you in part by cie tours international - for over 80 years featuring all inclusive tours and go as you please value vacations throughout ireland and britain. [music] [music] >> hello and welcome i'm patricia oreilly and i'm delighted you could join us for


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