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CARL AZUZ: Welcome back to CNN 10.
It's great to have you watching on this January 7.
I'm Carl Azuz at the CNN Center.
And we're starting the week with what's been called the biggest
surprise of the economic cycle.
American employers added 312,000 jobs to the US economy
in the month of December.
Most experts had estimated they'd add 181,000 jobs.
One analyst says the fact that so many more jobs were counted
indicates that a possible recession,
a sustained decrease in the economy,
is not going to happen anytime soon.
The percentage of the American labor force that doesn't
have a job, the unemployment rate, increased to 3.9%
in December.
It was at 3.7% the month before.
Experts say that's because more Americans got back
into the workforce looking for a job.
The report also indicated that paychecks on average
also increased with employers offering more
money to attract new workers.
So overall, good news for the US economy.
The head of the US central bank called the report very strong.
And because of that and some other events
that reassured investors, the US stock market jumped up Friday.
The Dow Jones Industrial Average rose 747 points then.
It was the fourth biggest point increase
of all time for the index of 30 major stocks.
In fact, every sector of the market increased on Friday.
We reported last week how the market
saw some major ups and downs in 2018, with several
of them setting records.
It's possible that more big swings could be ahead.
CHRISTINE ROMANS: Stock market volatility is the new normal.
But let's not forget volatility is the old normal too.
Yes, 2018 saw the return of mad market swings.
On five different days, the Dow moved 19 points or more.
Moves that big of only happened eight times in history.
So the fact that five of them occurred last year
is significant.
But the market is not more volatile than ever before.
Investors just don't remember the roller coaster ride
because for a decade, stocks pretty
much just went steadily higher.
In fact, spikes in volatility have always been a part
of Wall Street's landscape.
Just look at this chart going back to 1928.
So how long will the current wave of volatility last?
Well, probably for a while.
Uncertainty about the global economy,
particularly in Europe and China, has rattled investors.
Trade tensions between the US and China
have yet to be resolved.
And investors are worried about interest rates.
If the Fed raises rates too quickly,
it could slow the economy too much, even trigger a recession.
For years, investors would buy every dip.
Now they seem to sell every rally.
So expect more volatility.
After a long break, it's back with a vengeance
and it's likely here to stay.
CARL AZUZ: 10 Second Trivia.
Where would you find the busiest shipping route in the world?
English Channel, Panama Canal, Suez Canal,
or Strait of Gibraltar.
According to Guinness World Records,
the Dover Strait located in the English Channel
is the world's busiest lane for shipping.
There's been an increase in the number of migrants trying
to cross that channel, many of them hoping to obtain asylum,
permission to stay in the United Kingdom.
So far, the numbers are in the hundreds,
in contrast to the hundreds of thousands who've
crossed the Mediterranean Sea in the migrant crisis that's
Europe's largest since World War II.
But while the English Channel crossing is much narrower,
it's still very dangerous, especially when
the people making the journey are often on flimsy boats
and don't have life jackets.
PHIL BLACK: Stand on England's southern coast
in the right light and you can see France, those dark shadows
against the golden haze.
Between them lies a formidable boundary.
The channel is at least 19 nautical miles of open water
often with big swells, powerful tides,
ships and ferries plowing up, down, and across it.
But recently, much smaller vessels have been crossing too.
- Do you need help?
PHIL BLACK: Tiny inflatable boats
carrying people from far away.
The desperate and determined risking everything
to reach Dover's white cliffs and make the United
Kingdom their home.
Out on the channel, charter boat operator Matthew Coker
tells us he's had contact with five
migrant boats in recent months.
He recorded video of this moment last year, a small inflatable
drifting near the coast.
MATTHEW COKER: We seen him waving
some oars with some t-shirts tied to them.
Obviously, they was in distress.
PHIL BLACK: Three, men one woman, and their tiny boat
were brought on board.
They'd lost their engine.
They were exhausted, dehydrated, and lucky to be alive.
Were you able to talk to these people?
MATTHEW COKER: I tried to communicate with them,
but they didn't speak English.
But they were saying they was from-- they kept saying Iran.
PHIL BLACK: Many of those crossing say they're Iranian.
Every civilian boat operator is now under orders
to look out for them.
- Mariners are requested to report
any unusual activity or sightings of small vessels
transiting the Dover straits.
PHIL BLACK: Under pressure to act,
the British government is also deploying its resources
to find and rescue migrants.
There will soon be three of these large border
force vessels patrolling this stretch of the coast.
The government was initially reluctant to bring
in extra safety boats because they
feared that could encourage more migrants
to attempt the crossing.
But they've decided saving lives must be the priority.
The minister responsible has questioned whether the migrants
are genuine refugees.
And some people, including the area's local MP,
want those rescued by British vessels
to be returned to France.
CHARLIE ELPHICKE: That way, the migrants and the traffickers
who are really driving this, who are behind this get the message
that there's no point trying.
PHIL BLACK: All this is being described
by some British newspapers as a migrant crisis,
even though the numbers of people arriving on this coast
are relatively small, especially compared to migrant crossings
in the Mediterranean.
The British government says 539 people
tried to cross this water and reach the UK in 2018.
Many didn't get close.
The French stopped around 42%.
But the fact that's got some people concern,
triggered talk of a crisis, and inflamed some passion
is the recent increase.
Around 80% of the total attempts were in the last three months.
Migrant activist Christine Oliver
is more concerned about ensuring people's
rights to claim asylum.
CHRISTINE OLIVER: We should be demonstrating our compassion
and our humanity and understanding,
rather than them worrying about the very small
numbers that are coming here.
PHIL BLACK: Britain has a proud history of welcoming
those in need to its shores.
But control over borders and migration
are emotive, often divisive issues here.
They drove many to vote for Brexit.
And they worry some when they see small boats landing
uninvited on British beaches.
Phil Black, CNN near Dover on the English Channel.
CARL AZUZ: St. Paul, Minnesota, is
gearing up for its 133rd annual winter carnival.
It's the home of the ice palace, a sort of frozen castle
that recalls a short story by author F. Scott Fitzgerald.
There have been dozens of these built
in St. Paul over the decades.
Across the Pacific, in China's northernmost province,
a spectacle of subzero wonderment has already opened.
MICHAEL HOLMES: Welcome to Ice and Snow World.
It's an annual festival of ice sculptures
and colorful lights in China's Northeastern city of Harbin,
or Ice City as the locals call it.
On display, there are cathedrals and palaces
more than 10 meters high, alongside smaller
more delicate exhibits.
It's hard work for the sculptors.
But the reward of having a guaranteed audience
to admire their creations makes it all worthwhile.
INTERPRETER: Unlike other sculptures, which are always
placed somewhere after being finished and we do not know
who will see them, we know that the ice
and snow sculptures here will definitely
be seen by lots of tourists.
MICHAEL HOLMES: The ice festival attracts
more than a million Chinese and international visitors
to Harbin every year.
And not even the subzero temperature manages
to dampen the party atmosphere.
RYAN BOUR: We made sure to wear lots of clothes to keep warm.
But I think we could use some more.
But I think it's definitely worth it because I don't think
there are many places in the world where
you can see the things that we can see here.
MICHAEL HOLMES: The festival will
remain open until February when temperatures start to warm up.
Michael Holmes, CNN.
CARL AZUZ: There's been a new visitor making
the rounds at a cat cafe so, of course,
this would rate 10 at a 10.
Vector is the name of a toy robot
that can do simple things for people, like tell the weather
or set a timer.
But it can't see pets.
So its engineers brought it here so
that it can take pictures and be programmed to identify cats.
Some of the animals seemed mildly amused.
Some didn't.
We're not sure what Vector would do if a cat attacked.
But Vector probably wouldn't be Victor.
Not sure how many bytes it would take,
but with too much hardware the robot could short cir-cat.
It could get its whiskers crossed.
If it tipped over, the results could be treadful.
And with cats on the prowl, they'd
have to closely monitor Vector.
It's a good thing it doesn't come with a mouse.
I'm Carl Azuz for CNN 10.


CNN 10 | CNN Student News | January 7 2019

1311 分類 收藏
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