Browse content similar to 04/01/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from the BBC with Sally Bundock and Ben Thompson. | :00:07. | :00:11. | |
A new year and fresh fears about the slowdown in China and it's | :00:12. | :00:14. | |
sending jitters through global markets. | :00:15. | :00:20. | |
Live from London, that's our top story on Monday 4th January. | :00:21. | :00:34. | |
Shares in Shanghai are suspended after a 7% plunge. | :00:35. | :00:42. | |
A slowdown in manufacturing is one of the key reasons why. | :00:43. | :00:47. | |
And also a change to share trading rules. | :00:48. | :00:52. | |
We'll be live in Beijing to make sense of the mayhem. | :00:53. | :00:54. | |
Also in the programme: Takata shares rise as Japanese car companies look | :00:55. | :00:57. | |
set to support the troubled airbag maker. | :00:58. | :00:59. | |
Our team in Singapore has the latest. | :01:00. | :01:03. | |
And it's the first trading day of 2016 Europe, it's a sea of red. | :01:04. | :01:11. | |
Would you pay to watch oerts play video games? One man thinks it is. | :01:12. | :01:18. | |
And would you pay to watch others play video games? | :01:19. | :01:21. | |
One man thinks you will and it's proving to be a huge success. | :01:22. | :01:24. | |
We'll meet the boss of video gaming TV channel Ginx and get | :01:25. | :01:27. | |
the inside track on the fastest growing entertainment sector | :01:28. | :01:32. | |
We want to know what are your financial New Year's resolutions? | :01:33. | :01:34. | |
What are you planning to do differently with | :01:35. | :01:36. | |
Save more, invest more, or spend more? | :01:37. | :01:39. | |
Let us know, use the hashtag BBC BizLive. | :01:40. | :01:45. | |
We are already talking about serious volatility on China's stock market. | :01:46. | :01:59. | |
index, the Shanghai Composite was suspended today after the market | :02:00. | :02:02. | |
It's been blamed on another slowdown in the manufacturing sector | :02:03. | :02:06. | |
which contracted for a fifth straight month in December. | :02:07. | :02:10. | |
The data suggests the Government may have to step in with more aggressive | :02:11. | :02:13. | |
stimulus measures if it wants to avoid a more dramatic | :02:14. | :02:15. | |
One of the biggest risks this year is a sharp depreciation | :02:16. | :02:29. | |
Experts also fear the number of corporate debt defaults | :02:30. | :02:35. | |
Economic policy could create turbulence ahead from the removal | :02:36. | :02:42. | |
of capital controls to efforts to rein in debt. | :02:43. | :02:49. | |
Even as China tempts to steer away from growth driven by its factories | :02:50. | :02:54. | |
With me now is Qian Liu, director of access China | :02:55. | :03:03. | |
Welcome. Some issues there and responses we have had from the | :03:04. | :03:13. | |
Chinese Government, now it's this newly launched circuit breaker plan, | :03:14. | :03:17. | |
the plan that's stopped trade when they fell by 7% there. Just part of | :03:18. | :03:21. | |
a raft of measures the Government have taken to ban things like short | :03:22. | :03:27. | |
selling. Some people saying it's worked on this occasion and stops | :03:28. | :03:30. | |
the market falling any more but it is symptomatic of a Government | :03:31. | :03:35. | |
trying to influence the way the stock market moves. Exactly. Now | :03:36. | :03:41. | |
this new idea of suspending the trading is really something that | :03:42. | :03:46. | |
started to be effective, actually from today, now that was introduced | :03:47. | :03:51. | |
after the stock market fallout in the summer of 2015. What | :03:52. | :03:57. | |
us is above everything else stability is the key thing that | :03:58. | :04:00. | |
holds China together. Now one key reason that led to the stock market | :04:01. | :04:04. | |
fallout today is from the purchase managers index. Both the Government | :04:05. | :04:08. | |
official number from last Friday and also the private one is both of them | :04:09. | :04:13. | |
are telling us numbers are pointing to a contraction in the Chinese | :04:14. | :04:19. | |
economy. What we are seeing today, part of that is | :04:20. | :04:24. | |
lack of confidence over Chinese economy overall. Depending on who | :04:25. | :04:27. | |
you believe and what you read, some say this is actually a good sign, | :04:28. | :04:31. | |
maybe China is over the worst, we have seen all the headlines of the | :04:32. | :04:33. | |
last six months where we saw a big fall in the value of the stock | :04:34. | :04:41. | |
market, we saw that in the depreciation, maybe 2016 is the year | :04:42. | :04:47. | |
things start to stabilise. Is that the optimistic view? Well, depends | :04:48. | :04:51. | |
on which particular sector you refer to when you say the worst is over. | :04:52. | :04:55. | |
When we look at China as a whole I say at least the best part, the | :04:56. | :05:01. | |
fastest growth is over, the good days of double digits and magic 8% | :05:02. | :05:06. | |
is over. The Chinese President is targeting at no less than 6. 5% in | :05:07. | :05:13. | |
the next five years and actually 2016 is the first year of the | :05:14. | :05:20. | |
five-year plan. One thing we can be sure is that China is not going to | :05:21. | :05:24. | |
have any next one or two years, there are many doubts over how much | :05:25. | :05:29. | |
China can sustain current growth. What I can safely say is definitely | :05:30. | :05:36. | |
not the next couple of years but there are more concerns over the | :05:37. | :05:40. | |
medium term, that is the 3-five years down the road. There are many | :05:41. | :05:46. | |
problems that can go wrong. For 2016 it's really managing the structural | :05:47. | :05:50. | |
slowdown and if anything property market, export and and service | :05:51. | :05:53. | |
sector are something that's worth paying attention and these are the | :05:54. | :06:00. | |
three sectors that might bring us upwards pleasant surprises. Thank | :06:01. | :06:04. | |
you for talking us through that. Remember full coverage of events in | :06:05. | :06:11. | |
China and that suspension of shares is across the BBC. | :06:12. | :06:16. | |
Despite China's economic slowdown, investment in the country's railways | :06:17. | :06:18. | |
grew last year with a total of 126 billion dollars being spent | :06:19. | :06:21. | |
A new high speed railway service in the southern Hainan province has | :06:22. | :06:28. | |
become one of the latest to start operations. | :06:29. | :06:30. | |
China now has 19,000km of high-speed track. | :06:31. | :06:32. | |
More than a million private cars are being banned from Delhi's roads, | :06:33. | :06:36. | |
as authorities begin testing drastic new measures to cut smog | :06:37. | :06:39. | |
in the world's most polluted capital. | :06:40. | :06:40. | |
For two weeks this month, private cars will be allowed | :06:41. | :06:42. | |
on the roads only on alternate days depending on whether their license | :06:43. | :06:46. | |
plates end in an even or an odd number. | :06:47. | :06:53. | |
Facebook founder Mark Zuckerberg has said he plans to build an artificial | :06:54. | :06:56. | |
intelligence machine to help him around the house and with his work. | :06:57. | :06:58. | |
In a Facebook post, he said his personal challenge this | :06:59. | :07:01. | |
year would be to build what he called "simple AI" and says | :07:02. | :07:05. | |
he plans to share his progress over the course of the year. | :07:06. | :07:18. | |
I would like one of those as well, frankly, Mark! | :07:19. | :07:33. | |
Gold rising by 1% today. Christmas sales down, I am guessing! Maybe. | :07:34. | :07:39. | |
Could be. But of course when stock markets around the world are | :07:40. | :07:43. | |
volatile, things like gold that's perceived as a safe haven tends to | :07:44. | :07:49. | |
creep up. Up another 1% this morning. Oil price spiking, as well. | :07:50. | :07:53. | |
We talked about China, also concern about what's happening with | :07:54. | :07:59. | |
Arabia and Iran, tensions in the Middle East. Possibly disrupting oil | :08:00. | :08:02. | |
supplies, there is a knee-jerk reactions today with the oil price | :08:03. | :08:07. | |
rising, up 3%. Full details there on the live page. | :08:08. | :08:12. | |
There is much more there too as well as oil, but also more on that news | :08:13. | :08:16. | |
that Chinese shares were suspended as we discussed as a result of that | :08:17. | :08:20. | |
slowdown in manufacturing but all sorts of things affecting that | :08:21. | :08:21. | |
trade. Mariko Oi is in our Asia business | :08:22. | :08:37. | |
hub in Singapore with the details. Shares are rising as much as 17% at | :08:38. | :08:51. | |
the moment, up by about 14%, the biggest rise in more than a year. I | :08:52. | :08:57. | |
should emphasise shares fell some 56% last year. It's mainly because | :08:58. | :09:03. | |
of a newspaper report by one newspaper that Japanese, the | :09:04. | :09:09. | |
Japanese car-makers might be putting together some financial aid for | :09:10. | :09:11. | |
Takata, the last time they did something similar was in 2011 after | :09:12. | :09:20. | |
that major stum and earthquawe -- time. The circumstances are | :09:21. | :09:23. | |
different, the airbags have been linked to ten deaths and Honda has | :09:24. | :09:30. | |
said that it's not going to investigate in Takata. It's still | :09:31. | :09:33. | |
enough to push up share prices. Thank you. Let's look at markets in | :09:34. | :09:38. | |
general. We talked about the fact it's not been a good start to a | :09:39. | :09:45. | |
brand new trading year as it were. Japan closing down 3%. Hong Kong | :09:46. | :09:49. | |
tracking, China also down. You can see the price of oil, now down | :09:50. | :09:54. | |
actually but as we mentioned up earlier around about 2%, 3%. That's | :09:55. | :09:58. | |
the euro. Look at how things are going in Europe today. | :09:59. | :10:06. | |
As I mentioned, pretty torrid session. I can't get the graphics | :10:07. | :10:10. | |
there. Earlier Germany was down, Paris down, London was also down. | :10:11. | :10:16. | |
All down around about 2% or between 1% and 3%. At one point Germany was | :10:17. | :10:21. | |
down over 3%. There you go. It's all there. | :10:22. | :10:25. | |
As you can see, pretty bad start to a brand new trading year. | :10:26. | :10:30. | |
China's a big issue but also concerns about what's happening in | :10:31. | :10:31. | |
the Middle East. James Hughes, chief market | :10:32. | :10:39. | |
analyst at GKFX, joins me. A new year, but the same old | :10:40. | :10:48. | |
problems when you look at the numbers there. Germany down about | :10:49. | :10:53. | |
3%, FTSE 100 in London down significantly. Is it just China or | :10:54. | :10:57. | |
is it the dawning reality that everyone's back in the office, and | :10:58. | :10:58. | |
there is nothing really excited about? Yeah, there is that | :10:59. | :11:04. | |
kind of depression feeling in the markets when you come back on the | :11:05. | :11:08. | |
first day but it is China, I think whenever China has any kind of blip | :11:09. | :11:11. | |
and it doesn't have to be big these days, the rest of the markets do | :11:12. | :11:16. | |
tend to get a little bit scared and freak out a little bit and that's | :11:17. | :11:21. | |
exactly what we are seeing. First exactly what we are seeing. First | :11:22. | :11:23. | |
day back, bad news out of China. Big falls on the down side. Interesting | :11:24. | :11:29. | |
to see what happens later in the US to see if it snowballs. The US | :11:30. | :11:34. | |
markets look low, as well, it could be across the board today that we do | :11:35. | :11:39. | |
see a negative start to the year. New rules in China. If you put a | :11:40. | :11:47. | |
trading, it goes down 7% and we stop trading, it goes down 7% and we stop | :11:48. | :11:53. | |
trading. 5% they put in, this isn't just in China. We have this in the | :11:54. | :11:56. | |
UK where if markets go down a little bit too much then shares get | :11:57. | :12:00. | |
suspended. But you put this in and it does tend to happen. That's | :12:01. | :12:02. | |
exactly what's happened. In China what we have in the next few weeks | :12:03. | :12:06. | |
is a lot of other measures that were put in by the Chinese Government | :12:07. | :12:09. | |
will be lifted so there is a worry will be lifted so there is a | :12:10. | :12:15. | |
that as more and more policies get lifted that were put in to stop this | :12:16. | :12:20. | |
slowdown that things could get uglier in China. We talked about a | :12:21. | :12:25. | |
new normal of slower growth, still subtanks by European standards but | :12:26. | :12:30. | |
nonetheless slower growth -- substantial. New lower oil price. Is | :12:31. | :12:35. | |
it the case people say we start 2016 we have to reassess what we think is | :12:36. | :12:39. | |
year on that? Yeah, and we kind of year on that? Yeah, and | :12:40. | :12:44. | |
go back a little bit with rates to that point, as well. We all have | :12:45. | :12:47. | |
this obsession with moving interest rates higher but that's to take us | :12:48. | :12:51. | |
back to the sense of what we thought was normality but that was normality | :12:52. | :12:55. | |
pre-2008 and that world doesn't exist any more. There is a little | :12:56. | :12:59. | |
bit of that. The oil prices aren't going too much higher in the near | :13:00. | :13:04. | |
future, China is going to stay negative, as the last - the boom | :13:05. | :13:06. | |
years have gone out of China are looking at a different world | :13:07. | :13:12. | |
this time. What we are doing is creating the rules for that | :13:13. | :13:15. | |
currently at the moment. In the next 12 months or so it's going to be | :13:16. | :13:19. | |
interesting just to see how the landscape is at the end of this | :13:20. | :13:22. | |
year, what rates are doing and where markets are going. We will watch | :13:23. | :13:26. | |
closely. James, thank you very much. We will talk through the papers | :13:27. | :13:30. | |
later. This is something James would day. | :13:31. | :13:35. | |
He would pay to watch other people playing video games. He confessed | :13:36. | :13:38. | |
that to us earlier. Would you do that? E-gaming is the fastest | :13:39. | :13:50. | |
growing entertainment sector in the world. | :13:51. | :13:55. | |
Now a look at some of the stories from around the UK. | :13:56. | :13:58. | |
The UK economy finished 2015 with a burst of speed, | :13:59. | :14:02. | |
It looks as if the CBI said overall the economy looked strong in the | :14:03. | :14:14. | |
fourth quarter, business services did well. Those people exposed to | :14:15. | :14:18. | |
consooner spending did well, that's the good. The bad, manufacturing | :14:19. | :14:23. | |
shrank a little bit and the ugly is the fact that export performance was | :14:24. | :14:29. | |
at a six-year low. Not the rebalancing that both the Government | :14:30. | :14:32. | |
and business groups wanted to see. We won't get the official numbers | :14:33. | :14:34. | |
until the end of looks like overall it's a good | :14:35. | :14:40. | |
picture but not a balanced one. Simon, what about the fact that | :14:41. | :14:44. | |
apparently this survey points to the UK companies backing EU membership | :14:45. | :14:48. | |
has fallen a bit, is that significant or not? I think so. | :14:49. | :14:52. | |
Deloitte, the big accountancy and consultancy firm do a survey of | :14:53. | :14:56. | |
chief financial officers or finance directors and found back in June 74% | :14:57. | :15:03. | |
supported Britain's membership of the EU, that's down to 62% so not a | :15:04. | :15:06. | |
huge change but if that was an election poll which in a way it is, | :15:07. | :15:10. | |
people would take notice. Only 6% say their companies would be bet | :15:11. | :15:14. | |
iroff out of the European Union but that's up from 2%. A lot saying wait | :15:15. | :15:18. | |
and see. The mood music out of Europe at the moment is pretty | :15:19. | :15:23. | |
miserable. Assessments on growth conditions over there, the migrant | :15:24. | :15:27. | |
shift but one that's going to make negative outlook. Not a massive | :15:28. | :15:32. | |
shift but one that's going to make some people sit up and take notice. | :15:33. | :15:32. | |
Thank you. The front page of today's Financial | :15:33. | :15:42. | |
Times they had a survey of 100 economists they spoke to. Most of | :15:43. | :15:46. | |
whom argue it is better for the UK economy to stay within the European | :15:47. | :15:47. | |
Union. That debate is just going to Union. That debate is just going to | :15:48. | :15:52. | |
go on and on. I have a feeling we go on and on. I have a feeling we | :15:53. | :15:53. | |
will be talking about that a lot will be talking about that a lot | :15:54. | :15:57. | |
this year! One story to bring you. Good news, we were talking about oil | :15:58. | :16:02. | |
prices creeping back up. Diesel dropping to below ?1 a litre for the | :16:03. | :16:08. | |
first time since 2009. Good news for Britain's 11 million diesel drivers. | :16:09. | :16:17. | |
It says prices on the fore courts dropping all of this and the big | :16:18. | :16:23. | |
supermarket chains are dropping prices. A drop in diesel. | :16:24. | :16:31. | |
Our top story, shares in Shanghai are suspended as traders eye a sharp | :16:32. | :16:35. | |
Stocks fell by 7% before trade was halted. | :16:36. | :16:45. | |
Part of new rule to stop big losses on one of the most influential stock | :16:46. | :16:52. | |
markets. The repercussions is being felt around the world. | :16:53. | :16:55. | |
E-gaming is one of the world's fastest growing entertainment | :16:56. | :16:57. | |
Professional players earn multi-million dollar prizes. | :16:58. | :17:03. | |
A staggering 344 million people watched the championships | :17:04. | :17:03. | |
for the video game League of Legends last year and there are even TV | :17:04. | :17:05. | |
Ginx is one of them, with subscribers in Europe, | :17:06. | :17:12. | |
It's Chief Executive Michiel Bakker knows all about running | :17:13. | :17:19. | |
He was one of the founders of MTV Europe. | :17:20. | :17:22. | |
Michiel spent 20 years building what is now | :17:23. | :17:25. | |
Viacom International Media Networks, and has been Chairman | :17:26. | :17:30. | |
After leaving MTV, he took time off to travel and learn to sail yachts. | :17:31. | :17:37. | |
At the helm of Ginx, he has overseen its latest | :17:38. | :17:40. | |
round of financing, via crowd funding, to meet their target | :17:41. | :17:43. | |
Welcome to Business Live. Let's of Ginx TV, is here. | :17:44. | :17:59. | |
Welcome to Business Live. Let's start with this concept of people | :18:00. | :18:02. | |
paying or subscribing to watch other people play video games. It is | :18:03. | :18:05. | |
fascinating because if you are a gamer, you will know all too well | :18:06. | :18:08. | |
about this and we were discussing this earlier, people do this, they | :18:09. | :18:12. | |
look for tactics and strategy and how you might do better at these | :18:13. | :18:15. | |
will not have a clue that something will not have a clue that something | :18:16. | :18:19. | |
like your channel exists. It really like your channel exists. It really | :18:20. | :18:20. | |
is a big growth area, isn't it? It is. You focussed a lot on e-sports | :18:21. | :18:31. | |
in your package there. Ginx is about all video gaming and console gaming | :18:32. | :18:34. | |
and what happened to video gaming, it moved from the preserve of the | :18:35. | :18:39. | |
15-year-old boy in their bedroom playing games to a more massively | :18:40. | :18:45. | |
mainstream activity. So you see all over the world stadium packed with | :18:46. | :18:52. | |
being played between teams and it is being played between teams and it is | :18:53. | :18:55. | |
the excitement, it is not dissimilar than watching Chelsea v Manchester | :18:56. | :18:58. | |
United in more traditional sports if you will and that's and you say it | :18:59. | :19:04. | |
doesn't appeal to non gamers, but in fact what I see happening is that | :19:05. | :19:10. | |
just the dynamic environment and the tension and the commentary is | :19:11. | :19:14. | |
drawing people that are not considering themselves to be core | :19:15. | :19:17. | |
gamers into this excitement. A lot of it is the content, isn't | :19:18. | :19:21. | |
it, as with any television channel, you have got to have the right thing | :19:22. | :19:26. | |
on the channel for people to subscribe, pay to watch. How do you | :19:27. | :19:31. | |
find content for Ginx? Where do you go? Well, we have a luxury, of | :19:32. | :19:35. | |
course, of a flow of content coming out of the gaming publishers every | :19:36. | :19:40. | |
year. There are thousands of games being developed. How do you find the | :19:41. | :19:43. | |
right content? The people that content, that it is a must watch for | :19:44. | :19:51. | |
the exclusive environment of trying the exclusive environment of trying | :19:52. | :19:53. | |
to get a game that you can only see on Ginx or that's one way to go. | :19:54. | :19:58. | |
Exclusivity is not a natural way to attract people. The other is to | :19:59. | :20:02. | |
highlight games in a way that is not done usually. The video gaming world | :20:03. | :20:06. | |
has grown up in a silo on the left and TV is in a silo on the right and | :20:07. | :20:12. | |
Ginx it is in between. We treat video games very much | :20:13. | :20:18. | |
entertainment and less, you know, we entertainment and less, you know, we | :20:19. | :20:20. | |
are less about the 50 million lines of code. You can delve deeply into | :20:21. | :20:28. | |
video gaming, but we tend to approach it as more of | :20:29. | :20:33. | |
entertainment, broad spectrum way to make it appealing to as many people | :20:34. | :20:40. | |
as possible. It is interesting now that mainstream sponsors, the likes | :20:41. | :20:44. | |
of people who would have sponsored the big games are getting involved | :20:45. | :20:49. | |
in e-gaming and television channels such as yours, they are able to | :20:50. | :20:53. | |
access a niche gamer, a person they want to target that they can't get | :20:54. | :20:57. | |
anywhere else? There is two types of brands that come in. You're right to | :20:58. | :21:01. | |
point out that there are bigger brands now looking to come into this | :21:02. | :21:06. | |
predominanty male audiences which congregation of 16 | :21:07. | :21:12. | |
predominanty male audiences which are the most elusive television | :21:13. | :21:14. | |
audiences to attract, brands want to be there. So whenever something like | :21:15. | :21:18. | |
this moves into the mainstream, you can see mainstream brands coming to | :21:19. | :21:22. | |
that and that benefits everybody because it creates that sort of echo | :21:23. | :21:27. | |
system that more investment can go into e-sports and therefore, it can | :21:28. | :21:31. | |
become even bigger and better and broader and get more adapted around | :21:32. | :21:35. | |
the world. So yes, it is a good thing overall. Really nice to see | :21:36. | :21:39. | |
you. Thank you for coming in. We could talk all day about it. We have | :21:40. | :21:44. | |
many more questions, but time has got the better of us. Thank you for | :21:45. | :21:50. | |
coming in. Virtual reality is being billed as | :21:51. | :21:54. | |
the next big thing in tech and it may become true. Millions of people | :21:55. | :22:02. | |
will be able to use it in their own homes as Sony release for sale their | :22:03. | :22:08. | |
virtual reality head-set, but beyond gaming all sorts of uses are being | :22:09. | :22:12. | |
explored. Here is our technology expert. In a freezing cellar with | :22:13. | :22:21. | |
fake snow under foot, I'm inching my way up the world's highest peak. I'm | :22:22. | :22:27. | |
getting a view of Everest, a virtual reality game out later this year. | :22:28. | :22:31. | |
The manufacturers believe gamers are ready to immerse themselves in | :22:32. | :22:35. | |
virtual worlds. It is the natural progression. We have got bigger | :22:36. | :22:36. | |
screens. We have had 3 D screens and screens. We have had 3 D screens | :22:37. | :22:43. | |
we have had curved screens. The next we have had curved screens. The next | :22:44. | :22:45. | |
thing is taking us into a virtual environment and locking out every | :22:46. | :22:47. | |
bit of stimulus so we are focussed on what they are trying to tell | :22:48. | :22:53. | |
Getting into a us. Lift, especially one as old as this, could be a scary | :22:54. | :22:58. | |
experience for some people. So could virtual reality help them get over | :22:59. | :23:04. | |
their phobia? I have come to see how psychologists are working with the | :23:05. | :23:06. | |
technology. I am going to focus on technology. I am going to focus on | :23:07. | :23:10. | |
your breathing and muscle tension. They have developed a programme that | :23:11. | :23:12. | |
allows patients to try out the experience of getting into a lift. | :23:13. | :23:18. | |
You sweat, your breathing changes. You get a physiological reaction | :23:19. | :23:21. | |
which you don't get in the 2 D environment. Let's see if it worked. | :23:22. | :23:27. | |
How does that feel now? I'm honestly quite proud that I'm doing this! | :23:28. | :23:29. | |
LAUGHTER You should be proud. Do you think | :23:30. | :23:33. | |
all? Honestly, I would have been all? Honestly, I would have been | :23:34. | :23:39. | |
taking the stairs about a month ago! That's an amazing story. It really | :23:40. | :23:40. | |
is. James Hughes, chief market analyst | :23:41. | :23:48. | |
at GKFX, is back with us to look at what's making business | :23:49. | :23:52. | |
headlines in the papers. Winners and losers and the FT has a | :23:53. | :23:57. | |
piece talking about the winners, well there were nine of them and | :23:58. | :23:59. | |
tech stocks. Yeah and these are the tech stocks. Yeah and these are the | :24:00. | :24:06. | |
real staples of these markets. The markets 2015 was a terrible year for | :24:07. | :24:11. | |
equity markets. Particularly in America as well? Most stocks down, | :24:12. | :24:18. | |
but this is the first time I heard this, the fangs, Facebook, Amazon | :24:19. | :24:23. | |
and net flick and Google. These stocks did so well and Netflix was | :24:24. | :24:25. | |
an interesting one. One of the an interesting one. One of the | :24:26. | :24:30. | |
year, their Chief Executive said announcements of their figures | :24:31. | :24:30. | |
year, their Chief Executive said about the market going up so | :24:31. | :24:34. | |
strongly, he said he had no idea why the share price keeps going up | :24:35. | :24:37. | |
because we're not actually in that good shape where his words! He is an | :24:38. | :24:42. | |
honest man, isn't he? They went up further on the back of that. Fangs, | :24:43. | :24:55. | |
Facebook, Amazon, Netflix and goodbyele are the FANGS! | :24:56. | :24:59. | |
Take back Tuesday was the Tuesday after Christmas. Did you have to | :25:00. | :25:04. | |
take stuff back, James? I didn't take anything back because anybody | :25:05. | :25:13. | |
that bought me gifts bought perfect. This week and next week, we see the | :25:14. | :25:18. | |
big retailers come out and give us information on how the Christmas | :25:19. | :25:22. | |
period... It has been raining hard. The wrong weather. Boxing Day, foot | :25:23. | :25:27. | |
centres was up 3.9%. That's because centres was up 3.9%. That's because | :25:28. | :25:34. | |
people need to get out of the house! After the rain, they need to be | :25:35. | :25:38. | |
under cover! That's true. Hopefully retailers for December, which of | :25:39. | :25:42. | |
course, is pivotal, are going to be slightly better off this year | :25:43. | :25:45. | |
because last year, it was the first time ever that online sales beat | :25:46. | :25:50. | |
foot fall sales. It will be so interesting to see the retail | :25:51. | :25:54. | |
figures. Thank you, James. | :25:55. | :25:59. |