either with taxes and we also have more details on of that in the next. i don't go away though. up next we have business dues for you that's off to a short break and visit with you. i'm gab office in berlin from me and seen thanks for watching the world in progress. it's tough calls to everyone who wants to know more about this topic. the 2nd son of good about this story is the on the headline world in progress. the w talk cost interest, the global economy portfolio dw,

business b on. here's a closer look at the project. our mission. to analyze the flight for market dominance. east, this is west with business beyond the auto workers in the us are set to widen their strike against the big 3 car bankers . can they carve out more of the industries, recent big profits for themselves? and how long can automakers take the pain? also on our show air b and b c's as listings dive in new york on stricter rental rules. we'll hear from the companies co founder and chief strategy officer about what, what role. hello, and welcome to our show. i'm stephen beardsley. in berlin. we begin in the us were auto workers were to expand their strike 2 additional production lines across the

country. of the walk out which began 2 weeks ago is hitting the detroit 3 automakers. jim ford and so lenses are corresponded. abraham is at one of those walk out sites, a ford production center near detroit in wayne, michigan. that's right, steven, where i'm standing right now. you see ford workers entering. there's 3rd week of a strike against the 3 big auto workers. these are ford workers, but as you mentioned, there are strikes for gm and lantus as well. i've spent a couple of days here at the picket line, and really trying to understand what motivates the workers here and why they're determined to continue with their strikes. let's take a look at what they have to say in the support for almost half of jolie's life mornings have looked like this. getting ready for job that for

a long time helped him reach 2 children and buy a house. his own slice of the american dream today, the assembly line worker is on his way to work the picket by before it just and then you can come out of high school and make middle class wages and bring your family up. and i think corporate greed overpowering you all the, the regular people out. i'll try to just let you to come on to a standard of living that we used to have. he's talking about what conditions were like up until the 2008 financial crisis. thank then workers at ford, gm and still in to steve of benefits to cut costs and saved their companies from collapse the workers hired after the financial crisis. make less. now that profits in c, e o income at the because we are at a record high. the workers are also demanding their share, the want better pay,

similar wages for you or employees and older, one, pensions, job security, and health care. i would like to see these young people get their pension that we are all one of the things we are partnering for is a print you for the new wires over the last 10 or so years. and nobody should be met factory or any factory for 30 years and come out without a pension. we deserve better. i mean, we have gotten things taken away from us for 13 plus years and we deserve it all that. now that we're currently making, press or profit, while on straight workers get $500.00 a week from the union. that's about half of what they normally are and which was barely enough to cover the basics. michelle, a single mother to a 14 year old boy is feeling the pressure businessman, my son will say to me, what do we have for dinner tonight? and i'm like, well, i have this much here and this much here. it's rahman and how dogs or maybe i can

spring for roasted chicken and some potatoes. i you know, it just depends. so it's, it's very but at the same time it's nerve wracking as a mom, right? i'm like, i got to get through voices like michelle's or resonating across the country. which survey showing the majority of americans support unit. the powerful are taking up in just the one we both the president joe biden in former president and public and hopeful. donald trump came here to meet workers, taking their flight to an over working class voters to detroit. the united auto workers union has yet to endorse a candidate for the 2020 for us presidential race. i don't necessarily know if they actually supported or they just looking for garner garner votes, but it does put a spotlight on what's going on out here. so i appreciate that like now for now, jeff wants to focus to be some of the derek. and the hope that his granddaughter is

generation could have a chance at achieving their version of the american dream. right here in michigan. the something that really stayed with me stephen covering the story and being here on the picket line. something that workers kept saying to me again. and again, is that even though the strike is about individual demands, where it has to do with a payment or working conditions to them. this is also about inequality in this country. a lot of the people that work here are meeting as little as $16.00 a day. they can't afford many of the cars that they are making. meanwhile, they're looking at their ceo over $20000000.00 for uh for the ford c o. and so they really wanted to be really emphasized that this is about much bigger than just the stripe, and they want to see a change from their management. i a briefly,

what are carmakers saying about their workers demands? how is their response? well, their argument, the argument of the automaker captain's bosses, this, that it's, there has to be a balance between what workers want and their company's being uh, competitive. i mean, it, there are now uh, you know, competition from all over the world for uh, people that want to buy uh, cars. but looking at the negotiations more concretely. uh, ford is the one uh automaker where there has been a substantial progress. uh that's, that's according the to the u. e. w. and the other 2 are a little bit more difficult according to the union. but we really have to put this into context that you know, there, that the union is asking for an almost 40 percent increase in pay with the auto and the other. do you have incidents that are offering something close to 20 percent? and so there's, of course, a huge gap between the demands of the workers and the automakers.

right. abraham in wayne, michigan, talking about those auto workers strikes. thank you. and we go now to some of the other global business stories making headlines. a fortnight maker, epic games is cutting its workforce. the company plans to lay off around $830.00 workers to cut costs. that's nearly 16 percent of its staff. ethic says it will continue. it's costly, legal battle against apple and google over there, a legit monopoly powers. inflation in the euro zone dropped to an almost 2 year low and september to 4.3 percent. that's down from just over 5 percent in august. and that's thanks to slow down in the rise of food and energy prices. however, inflation is still well above the european central banks. 2 percent target are good news for air b and b and france. the countries, new budget does not include a tax increase on short term, short term rentals. well that's likely welcome to bill development for the company

after recent weeks have put a spotlight on regulating the platform. and that's because of new york, the new short term rental legislation law which came into effect september, september 5th, requires that hosts obtain a license every 2 years. short term rentals are only allowed if the host is present for the duration of the guest day. the city says the policy will help with the cities housing shortage. but critics say it's a gift to the hotel lobby and we'll still have airbnb these offerings in new york are going away. others are shifting to long term rentals those over 30 days, which base fuel restrictions? look at this and june, roughly half of all airbnb listings in the city were long term. now it's almost 90 percent. that's according to tech outlets. gift citing data from air dna. the last week i had a chance to sit down with air b and be co founder and chief strategy officer nathan blood, char, sky, about new york, new york. and what went wrong as new york was actually one of the 1st cities that

entered into conversations with us about regulation over a decade ago. uh, new york has very unique politics which prevented any meaningful progress in the early days and basically prevented us from finding the sweet spot of compromise and sensible and balanced regulation. and so i really view new york as an extreme outlier. and while this has been playing out over 10 years, you know, 80 percent of those other 200 top markets have found a sensible meeting, middle ground. and so again, i think it's, i think it's an outlier. so you would say this doesn't give other cities a blueprint for what to do with air b and b in terms of regulation. no, i don't think so. i think frankly, it's a couple of kind of what not to do because, you know, clearly there's a lot of ordinary new yorkers that were hurt by this very extreme draconian position of the city tuck. so, you know, i don't think it's even many officials would say that this is

the way it should be, but it's a by product of politics as a byproduct of the previous administration that passed the rules. and now the current administration in new york has to implement them. i don't think they're particularly happy with those rules, but that was kind of the hand they were dealt. and you know, i think other cities have already regulated and that are a much better model that strikes the balance of dressing. oftentimes, housing affordability questions, but also recognizing that about half of hosts, if you ask them, well, tell you if they use their baby to afford their everyday living expenses. right? so, you know, you care about affordability, but you can't, you shouldn't at least take away the means by which so many people create affordability for themselves. can you tell us what you're seeing in new york right now in terms of listings falling away, things like that. i can get any sense of how serious this is right now. what we see is, well, i haven't followed it closely on a day by day basis,

but effectively the regulation doesn't allow for home sharing unless it's an extra bedroom in your home. but if it's your entire place, so for the most part that's no longer permitted. so you know, we've now started enforcing at actually cancelling reservations and removing the properties off the website. but when you look at europe, obviously regulation has also been a big theme here. is there anything that sticks out? you've had some success in some areas like with berlin, there was a back and forth as well, but now it seems of really come to your favorite little bit. do you see the, the environment here, sort of going more towards air b, b in terms of working with you on regulations or do you see it still is being a little bit um, i guess, antagonistic in some ways just generally speaking. yeah. well, over the last decade we spent a lot of time with european cities kind of hashing out these issues. and for the most part, they're all regulated at this point. the top markets, at least um and so, you know, we've kind of, you know, figured out what that middle ground is. uh and move beyond the debate to, uh,

you know, now basically, um, just operationalizing these, these regulations. so, you know, i would say that there certainly was uh, you know, more uh, noise. uh, several years ago i think we moved beyond that because we, we were willing to compromise. i don't think the issues just self themselves. it was definitely you know, both parties leaning in and, you know, ultimately working towards the sets of all regulation to and will post a full interview on our dw news youtube channel. that's our show. i'm assuming there's like, thanks for watching the

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