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German Chancellor Angela Merkel Announces She Will Not Seek Re- election in 2021; Conservative Congressman Elected as President of Brazil; Sock Markets Down But No Sign of Recession; London Theatre Giving Glasses Out for Hearing Impaired; Deaf Custodian Has Birthday Party
Aired October 30, 2018 - 04:00:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CARL AZUZ, CNN 10 ANCHOR: Changes in Germany and Brazil lead off today`s edition of CNN 10. We`re happy to have you with us. I`m Carl Azuz and
we`re starting in Europe. German Chancellor Angela Merkel announced on Monday that she would not try to get re-elected when her term expires in
the year 2021. Not only the leader of Germany, she served as a powerful leader in European politics for the past 13 years. So her announcement
could signal a significant change for the continent in the years ahead. Chancellor Merkel`s political party, the Christian Democratic Union and
some of it`s allies did not do well in recent regional elections and the Chancellor also said Monday that she`d step down from her role as Chairman
of that party.
Analysts say her plans indicate that her political power has decreased. One issue she`s been criticized for was how she handled the refugee and
migrant crisis that Europe faced in 2015. Many German`s disagreed with their government`s decision to allow more than 1 million migrants into the
country that year. Jumping over to South America where a conservative Congressman has been elected the President of Brazil. Jair Bolsonaro had a
decisive victory over a liberal candidate and former Sao Paulo Mayor Fernando Haddad. Their campaigns for the presidency had been polarizing
and at times violent. President elect Bolsonaro was even stabbed at one point during a campaign rally and while that kept him off the campaign
trail for weeks, it also strengthened his support among many Brazilians.
Their country has struggled with corruption, rising crime rates and a prolonged recession and Bolsonaro promised he`d defend freedom and protect
citizens who respect their nation`s laws. One thing that concerned his opponents were his promises to allow development in some parts of the
Amazon Rainforest. Some environmental groups called his election a profound set back.
10 Second Trivia. Goldman HSBC and Barclay`s are all examples of what? European Football Clubs, Insurance Agencies, Investment firms or Railroad
companies. These are all examples of investment firms that keep close tabs on markets worldwide.
As October comes to a close, investment banks and investors are reflecting on what some are calling the October market scare. At some point over the
past month, the Dow Jones Industrial Average of 30 significant stocks had dropped by more than 7 percent. The S&P 500, the index of large companies,
dropped as much as 9 percent. The NASDAQ index of tech stocks is down about 10 percent. The Stock Market`s one indicator of how the U.S. economy
is doing and overall analysts say it`s roaring. Doing incredibly well and that a recession, a sustained decrease in the U.S. Gross Domestic Product,
is not likely any time soon. But looking ahead, one thing investors are concerned about is an economic slow down. They think that could happen
next year and that`s one reason why the market was volatile in October.
(BEGIN VIDEO CLIP)
UNIDENTIFIED FEMALE: Up 300 points. Down 600 points. How are you supposed to know when a big move in the Stock Market matters? It`s all
about perspective. Stocks have been in a bull market for nine long years. The Standard and Poor`s 500 more than tripling, tripling in value. The DOW
is the 30 stock average that regular investors have watched rise from 7,000 to 25,000 since 2009. That means obviously a 600 point decline in the DOW
today is not as scary as a 600 point decline a few years ago.
It`s why the percentage change matters more. I don`t get too excited about moves less than say 2 percent. Anything 5 percent, now that`s a headline.
More than 5 percent, that`s when you can pull out those superlatives like plummet and tank or skyrocket and soar. Now this recent volatility as it`s
called, when the market moves sharply in either direction, begs a big question. Why? Well a major adjustment is underway in the stock market
environment. Investors are coming to grips with something being called "peak earnings" that the golden days of a booming economy, rich tax cuts
for companies and low interest rates is right now and that will begin to fade next year.
As big companies report their big profits, they`re beginning to note higher costs from trade disputes and higher wages. Good for employees. Bad for
profits. And sometimes big swings can be more emotional than financial. Take a series of bomb scares adding to the angst. A country tearing apart
at the seams over political and culture wars but that was an emotional selling point and likely temporary. But also critical in stock market
reporting, again, is perspective. Just since the election stocks are up 25 percent and more.
(END VIDEO CLIP)
CARL AZUZ: More than 800 plays have been produced at London`s National Theatre since it opened with Shakespeare`s Hamlet in October of 1963. Now
it`s taking a big step to utilize technology to better serve theater goers with hearing loss. An estimated 1 in 6 people throughout the United
Kingdom has some sort of hearing loss. The smart glasses it`s using initially cost the theater more than $700 a pair. The developer gave
dozens of additional sets for free. For how they work and what kind of impact they`re having here`s Samuel Burke.
(BEGIN VIDEO CLIP)
SAMUEL BURKE, CNN CORRESPONDENT: Here we are at one of the UK`s crown jewels, the National Theatre. But if you`re hearing impaired, all that may
mean nothing to you but you guys are trying to change that.
UNIDENTIFIED MALE: Over the last two years we`ve been developing a new system which is caused "Smart Caption Glasses".
BURKE: I just want to put them on because I`ve tried virtual reality, augmented mixed reality headsets and they`re usually pretty heavy. These
though are fairly light. I suppose the only difficulty I might feel is the fact that you`ve got the foreground and the background and they`re quite
far from each other. So I kind of have to look down and look up at the subtitles.
UNIDENTIFIED MALE: If you tap the keypad, you can change the way it`s displayed. You can alter the size. You can alter the positioning on the
screen. And a lot of people love to have it huge, in pink, over the face of the performer so that they can lip read at the same time as - - as
BURKE: This is essentially augmented reality. You`re putting something digital or virtual on top of what you`re actually seeing. Somewhat similar
to Pokemon Go. Will these be available for all the performances moving forward?
UNIDENTIFIED MALE: It will be on every single night.
BURKE: Just how accurate is this technology that`s following the text.
UNIDENTIFIED MALE: We program in the script as it was performed on the press night.
UNIDENTIFIED FEMALE: - - and worse. You called me pretentious.
UNIDENTIFIED MALE: And the accuracy based on that is between 93 and 96 percent. If a performer jumps a few lines the system will react. It will
take a second or two but the system will react and it will recognize where it is.
BURKE: There`s that iconic picture of people in a movie, theater with 3-D glasses. That black and white photo we`ve all seen. So do you envision a
future where you`ll see lots of people with this technology? Whether they`re hearing impaired or just wanting to hear or read something in a
UNIDENTIFIED MALE: I think that`s - - that`s the next phase of what we`re doing. We`re really, really keen on introducing as many foreign languages
as we can to bring audiences into the theater. So they can have a same experience as everyone else. There`s been overwhelming positive response.
Really for deaf theater goers would love to be able to come into the theater anytime they wanted.
UNIDENTIFIED MALE: (inaudible) that will caption or with the glasses (inaudible). (inaudible)
UNIDENTIFIED FEMALE: (inaudible) be able to (inaudible). Big improvement (inaudible).
UNIDENTIFIED MALE: It`s really fundamental that an organization like the National Theatre and it`s really a privileged position does this kind of
work for the (inaudible).
(END VIDEO CLIP)
CARL AZUZ: James Anthony (ph), an elementary custodian in Tennessee, recently turned 60 years old. He`s deaf so a group of teachers and
kindergarten students put their heads, hands and hearts together to wish him a happy birthday.
(BEGIN VIDEO CLIP)
UNIDENTIFIED FEMALE: Happy birthday to you. Happy birthday to you.
(END VIDEO CLIP)
CARL AZUZ: When he saw them signing the words to the song, his reaction was priceless. The school principal says Mr. James (ph) sometimes teaches
the kids sign language. So here, they were able to show him what else they`d learned. I guess you could say their effort "took the cake". When
the presented the "present" in his "presence", it was almost more than he could "candle". Truly the "icing" on a happy day. I`m Carl Azuz and
that`s CNN 10.