Browse content similar to 09/03/2016. Check below for episodes and series from the same categories and more!
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This is Business Live. Trump wins big and Clinton suffers a surprise | :00:12. | :00:18. | |
defeat in the key State of Michigan. We bring you the latest in the race | :00:19. | :00:22. | |
to the White House and the lead of Britain's biggest, of the world's | :00:23. | :00:27. | |
biggest economy. Live from London, that's our top story on Wednesday, | :00:28. | :00:29. | |
9th March. Donald Trump and Hillary Clinton | :00:30. | :00:49. | |
increase their leads, but the race is far from over. We will be looking | :00:50. | :00:53. | |
at the economic goals of the main contenders. It has been a bad week | :00:54. | :00:58. | |
for the energy giants. Today, it is the turn of the German power company | :00:59. | :01:04. | |
E.ON to unveil a multibillion dollar loss, warning of tougher times | :01:05. | :01:07. | |
ahead. And for financial markets, it is a really mixed day. They're up, | :01:08. | :01:11. | |
they're down, where are they going to head next? We will tell you all | :01:12. | :01:16. | |
you need to know. What do you think was voted Europe's | :01:17. | :01:19. | |
best attraction? Buckingham Palace maybe? The Eiffel Tower? The | :01:20. | :01:27. | |
Coliseum in Rome, perhaps? No, it was this, the Guinness Store House. | :01:28. | :01:31. | |
We will be talking to the man who set it up and runs it to this day. | :01:32. | :01:35. | |
Today, we want to know what you think of how big business is | :01:36. | :01:41. | |
treating Maria Sharapova after her revelation that she failed a drugs | :01:42. | :01:45. | |
test. Within 24 hours she has been dropped by Nike and Tag Heuer and | :01:46. | :01:50. | |
Porsche, was it the right decision? Just get in touch with us use. | :01:51. | :02:02. | |
-- use the hashtag. It has been another big night | :02:03. | :02:06. | |
in the US with several key states voting for | :02:07. | :02:11. | |
the presidential candidates. For the Republicans, | :02:12. | :02:13. | |
the momentum behind Donald Trump is gaining after he swept to victory | :02:14. | :02:18. | |
in Mississippi and the key industrial State of Michigan | :02:19. | :02:27. | |
which has suffered a prolonged Democratic front-runner | :02:28. | :02:29. | |
Hillary Clinton won her party's primary in Mississippi | :02:30. | :02:34. | |
with Bernie Sanders Now, let's turn the spotlight | :02:35. | :02:39. | |
on the policies for the front-runners of both parties | :02:40. | :02:50. | |
in this election. Many believe Ted Cruz has a chance | :02:51. | :03:06. | |
despite the fend nom ma of Donald Trump. | :03:07. | :03:11. | |
What will it mean for the relationship between the US and the | :03:12. | :03:12. | |
rest of the world? Victoria. With us is Professor | :03:13. | :03:31. | |
Peter Trubowitz. He's the director of | :03:32. | :03:33. | |
the United States Centre At this point in the electoral cycle | :03:34. | :03:41. | |
people are not looking for somebody to sketch out the details. They are | :03:42. | :03:46. | |
looking for somebody to shape the etch a sketch and that's what Donald | :03:47. | :03:51. | |
Trump is doing. He is offering, he is tapping into an anger, I think a | :03:52. | :03:55. | |
resentment, a frustration in the United States, especially, on the | :03:56. | :04:00. | |
Republican side about the status quo, about what is happening in | :04:01. | :04:04. | |
Washington, what is happening in the federal Government. If you look at | :04:05. | :04:09. | |
the exit polls, from yesterday, about 50% of those Republicans who | :04:10. | :04:13. | |
went to the polls expressed frustration with what is happening | :04:14. | :04:15. | |
in Washington. They want a change. That's what Donald Trump is trying | :04:16. | :04:19. | |
to offer them. OK and particularly this is all about trade and in | :04:20. | :04:24. | |
Michigan, manufacturing and the auto sector and jobs. Irrespective of | :04:25. | :04:30. | |
whether we may get Hillary Clinton, we may get Donald Trump, to what | :04:31. | :04:34. | |
extent do you think we might see a more protectionist America in the | :04:35. | :04:38. | |
future if the feeling is that actually people are afraid and | :04:39. | :04:39. | |
people are really annoyed about what people are really annoyed about what | :04:40. | :04:43. | |
is going on with trade in the US? Yeah, well, it is a great question | :04:44. | :04:48. | |
and again if you look at the exit polls, last night in Michigan, 60% | :04:49. | :04:51. | |
of those who went to the polls expressed frustration with free | :04:52. | :04:55. | |
trade, believing that it takes American jobs. Jobs are disappearing | :04:56. | :04:59. | |
from the United States because of deals like the TPP and I think what | :05:00. | :05:04. | |
that means, kind of going forward, is that whoever becomes the next | :05:05. | :05:08. | |
president, is going to be under pressure to put a damper on trade. I | :05:09. | :05:14. | |
don't expect it to be kind of at the top of anybody's aagained da, serge | :05:15. | :05:21. | |
not in the first year. For the current president, Barack Obama, | :05:22. | :05:25. | |
many are saying part of his legacy is the big trade deals that he has | :05:26. | :05:32. | |
been pushing with Asia, Europe, TTIP and the various acronyms. Will that | :05:33. | :05:37. | |
be unravelled to a degree regardless of who gets the new job? Well, we | :05:38. | :05:46. | |
will find out this spring about TTP because it will go up for a vote. | :05:47. | :05:51. | |
Whoever is the next president, they are fortunate that the ground will | :05:52. | :05:55. | |
be cleared. It will get nailed or it will go through and Obama will own | :05:56. | :06:00. | |
it. Think the thing is that what Democrats and Republicans are | :06:01. | :06:04. | |
hearing, the candidates are hearing, people are frustrated with free | :06:05. | :06:09. | |
trade and so I just think that the agenda, if I was looking at say if | :06:10. | :06:13. | |
it was Clinton who comes in, I don't think trade will be front and | :06:14. | :06:18. | |
centre, I think what she will focus on when it comes to economics, | :06:19. | :06:23. | |
losing the tax loopholes and raising the minimum wage which is $7.25 an | :06:24. | :06:28. | |
hour and what she is talking is about bringing it up to $12 and $15 | :06:29. | :06:35. | |
an hour, that's a heavy lift and to get that through Congress she would | :06:36. | :06:39. | |
have to make deals, because she will be dealing with the Republicans. | :06:40. | :06:50. | |
Thank you very much for coming in and taking us through that. We have | :06:51. | :06:55. | |
a long way to go. Yes. We are enjoying it. Every twist and turn | :06:56. | :06:58. | |
provides so much entertainment. E.ON preferred 7 billion euro, | :06:59. | :07:15. | |
that's 7 billion euro boss. It is warning the course will be longer | :07:16. | :07:18. | |
and tougher than anticipated. E.ON is saying as a result of its planned | :07:19. | :07:24. | |
spin off of its convention oil and gas fired activities, it expects the | :07:25. | :07:26. | |
outlook to be lower than it previously | :07:27. | :07:33. | |
France faces a wave of protests on Wednesday against labour reforms, | :07:34. | :07:35. | |
that aim to change working hours and rules about days off. | :07:36. | :07:38. | |
The reforms have divided an already fractured Socialist government. | :07:39. | :07:43. | |
The protest coincide with a separate 36-hour Rail strike that's set | :07:44. | :07:46. | |
to disrupt train traffic across France. | :07:47. | :07:59. | |
European prosecutors are tightening the screw on car gaint VW | :08:00. | :08:01. | |
in the wake of the emissions scandal spread. | :08:02. | :08:03. | |
France has opened a formal probe into "aggravated fraud", | :08:04. | :08:05. | |
while in Germany, the number of VW employees under | :08:06. | :08:07. | |
VW's boss warned the firm would suffer "substantial | :08:08. | :08:10. | |
and painful" damage to its reputation and finances. | :08:11. | :08:23. | |
You might be familiar with this. This is one of cases you see a lot | :08:24. | :08:31. | |
in airports across the world, they are Trunki, but they are known as | :08:32. | :08:34. | |
Kiddy Case. This is a case that's Kiddy Case. This is a case that's | :08:35. | :08:37. | |
gone all the way to the Supreme Court and a judgement is due on that | :08:38. | :08:42. | |
later on today. It is interesting because I was loaned a Trunki to use | :08:43. | :08:47. | |
on a holiday with my little boys. The idea is they can pull it along | :08:48. | :08:53. | |
themselves and they can sit on it. It is a seat. It was a nightmare. | :08:54. | :09:02. | |
This idea was pitched on dragons Den and they said no. You see them the | :09:03. | :09:06. | |
whole time. Don't believe what you see all the time on television. | :09:07. | :09:17. | |
Let's talk about Cathay Pacific, its annual profits nearly doubled last | :09:18. | :09:21. | |
year, going up by 90%. Boosted bypass injury numbers going up and | :09:22. | :09:25. | |
also huge savings, of course, on fuel because oil prices, we know, | :09:26. | :09:27. | |
have tumbled. Profits beat expectation and this is | :09:28. | :09:44. | |
due to the low oil prices so we saw crude collapse from more than $100 a | :09:45. | :09:49. | |
barrel to $30 a barrel over the last two years. This had an impact across | :09:50. | :09:54. | |
the aviation industry and this helped Cathay Pacific by reduce | :09:55. | :09:57. | |
their fuel costs by nearly 40% last year. Jet fuel is their biggest | :09:58. | :10:03. | |
expense. They spend $4 billion a year on it, last year they lost $1 | :10:04. | :10:07. | |
billion in something called hedging contracts. This is something very | :10:08. | :10:11. | |
similar to insurance and it is aimed at reducing fuel volatility, but it | :10:12. | :10:14. | |
locked them into the higher oil prices and they have all come down. | :10:15. | :10:19. | |
But now, we are going to see Cathay Pacific bring in 17 new planes which | :10:20. | :10:23. | |
are more fuel efficient and investors are happy because their | :10:24. | :10:26. | |
shares rose more than 3% in Hong Kong on the results. | :10:27. | :10:33. | |
It is a downbeat day. That's the US last night of the that's how things | :10:34. | :10:39. | |
ended in Asia today. Let's look at Europe quickly. We have got China. | :10:40. | :10:42. | |
The national people's congress is underway. They're discussing toxic | :10:43. | :10:46. | |
debt, that was on the agenda today. This is how things are going in | :10:47. | :10:50. | |
Europe. For the global markets, investors, they are looking ahead to | :10:51. | :10:55. | |
the European Central Bank. Mario Draghi and his team meet today. | :10:56. | :10:59. | |
Michelle Fleury has the details about what's ahead on Wall Street | :11:00. | :11:01. | |
You may not have have heard of Square, but you may have heard of | :11:02. | :11:14. | |
its boss. It is known for its coop shaped plug that attaches to | :11:15. | :11:18. | |
smartphones and tablets to allow them to accept credit card payments, | :11:19. | :11:23. | |
it was one of the highest profile companies to go public last year and | :11:24. | :11:28. | |
it reports its first set of results since the stock market debut. The | :11:29. | :11:32. | |
company is expected to turn in a slight loss, not because it is not | :11:33. | :11:38. | |
making money, but because it had to invest heavily in new hardware. What | :11:39. | :11:42. | |
has that meant for its share price? Well, it has been fairly volatile | :11:43. | :11:45. | |
since it began trading last November. Another reason for that is | :11:46. | :11:53. | |
investors worry Square's founder maybe stretched thin running both | :11:54. | :12:02. | |
Square and Twitter. Joining us is James Quinn. Welcome | :12:03. | :12:06. | |
to the programme. We have seen for sometime haven't we, we have seen | :12:07. | :12:09. | |
commodities really tell the story when it comes to equities, they ten | :12:10. | :12:15. | |
to follow each other. We saw a big jump in iron ore prices recently. | :12:16. | :12:21. | |
They have come down somewhat and you think you know what's going on? Yes. | :12:22. | :12:25. | |
A great story overnight out of China. A flower show, courtesy of | :12:26. | :12:31. | |
the financial times this morning, a rival paper suggesting that the | :12:32. | :12:37. | |
spike in iron ore, the biggest spike in 20 years was courtesy of a flower | :12:38. | :12:41. | |
show, expecting ten million visitors over a week and therefore, all the | :12:42. | :12:46. | |
steel plants were bulk buying iron ore ahead of the flower show because | :12:47. | :12:50. | |
they were told to stop producing to keep the skies clear because of this | :12:51. | :12:55. | |
exhibit! The idea is that supply is constrained so therefore, the price | :12:56. | :12:58. | |
goes up? That's right. That's right. That's why it was a volatile spike | :12:59. | :13:02. | |
that came back. A flower show. It is incredible. All these little quirky | :13:03. | :13:07. | |
events and facts that move markets and yet it is fun yu because us as | :13:08. | :13:11. | |
financial journalists try and figure these things out. Yeah, that's | :13:12. | :13:15. | |
right. It is incredible. It is about sentiment and trying to guess what's | :13:16. | :13:18. | |
happening as opposed to always happening as opposed to always | :13:19. | :13:20. | |
knowing what's going on. European Central Bank... We have got the ECB | :13:21. | :13:27. | |
meeting starting today. The press conference Tom, Mario Draghi | :13:28. | :13:32. | |
expected to intervene in the potential for more QE, it could be | :13:33. | :13:37. | |
interesting tomorrow. It will move the markets up and down. The euro is | :13:38. | :13:41. | |
preparing itself. It is moving around. Traders wondering not if, | :13:42. | :13:46. | |
but how much the stimulus we're going to get tomorrow. | :13:47. | :13:50. | |
What makes a successful tourist attraction? We will be hearing from | :13:51. | :13:55. | |
the man who set-up the Guinness Store House in Dublin which | :13:56. | :13:58. | |
attracted more than 13 million visitors. | :13:59. | :14:00. | |
You're with Business Live from BBC News. | :14:01. | :14:04. | |
Now a look at some of the stories from around the UK. | :14:05. | :14:07. | |
Plans to relax Sunday trading laws in England and Wales could be | :14:08. | :14:13. | |
blocked after the Scottish National Party said it would join | :14:14. | :14:15. | |
Conservative rebels in voting against the proposals. | :14:16. | :14:19. | |
It could mean the Government plans are defeated. | :14:20. | :14:21. | |
The SNP said it wanted to defend workers' pay and conditions | :14:22. | :14:24. | |
in Scotland as Eleanor Garnier reports. | :14:25. | :14:28. | |
Small shops can stay open on Sundays all day if they like but in England | :14:29. | :14:38. | |
The Government wants to relax the rules and give councils the power to | :14:39. | :14:44. | |
set opening hours in their own areas. They say it will boost the | :14:45. | :14:49. | |
economy and help high streets to tackle competition from the online | :14:50. | :14:54. | |
market. In Scotland, shops can open when they like and staff there are | :14:55. | :14:58. | |
paid more for working on a Sunday. But the SNP argue that if the law is | :14:59. | :15:03. | |
changed in England and Wales, that could affect the wages paid in | :15:04. | :15:10. | |
Scotland too. Despite promising not to interfere in laws that only cover | :15:11. | :15:13. | |
England and Wales, it will vote against the plans. This is about | :15:14. | :15:23. | |
protecting premium pay. If the UK Government were serious they should | :15:24. | :15:26. | |
have come forward with a plan which protected premium pay in Scotland | :15:27. | :15:33. | |
which is deliverable across the UK. The government is calling the SNP | :15:34. | :15:37. | |
hypocritical for denying people the freedom is to shop already available | :15:38. | :15:42. | |
in Scotland, and a letter signed by more than 100 Conservative council | :15:43. | :15:46. | |
leaders urges the government to push ahead with the changes. With the | :15:47. | :15:52. | |
SNP, Labour and around 20 Tory MPs opposed to the plans it will | :15:53. | :15:57. | |
struggle to get the changes passed unless compromise is reached. We | :15:58. | :16:06. | |
will keep an eye on that as it develops. Quickly looking at some | :16:07. | :16:12. | |
other stories. This is from G4S, the security firm, reporting a slump in | :16:13. | :16:21. | |
profits. Of course, they are in the middle of a massive overhaul, | :16:22. | :16:27. | |
including overcharging the government for tackling criminals | :16:28. | :16:32. | |
who were not even alive. No surprise to see a fall in the share price. | :16:33. | :16:37. | |
Not coming out with good numbers at all. More details online. You are | :16:38. | :16:46. | |
watching business live. We are focused on the results coming | :16:47. | :16:50. | |
through overnight from the United States, with several key states | :16:51. | :16:55. | |
voting for the presidential nominees. Let's move on. When you | :16:56. | :17:07. | |
think about leading US tourist attractions, you might think about | :17:08. | :17:10. | |
the Eiffel Tower in Paris, the Colosseum in Rome, but think again, | :17:11. | :17:14. | |
according to the world travel awards they voted on the Guinness score | :17:15. | :17:21. | |
house -- Storehouse as the top attraction. They say it proves brand | :17:22. | :17:26. | |
names can be big when it comes to pulling in tourism. 1.5 million | :17:27. | :17:32. | |
people visited it in Dublin. They say that half of all tourists in | :17:33. | :17:40. | |
Dublin make the trip. It is a chance to sample some of it. Paul Carty set | :17:41. | :17:53. | |
up the tourist attraction, and he is the managing director. He joins us. | :17:54. | :17:58. | |
It shows you the pulling power of brands. Who would have thought the | :17:59. | :18:02. | |
Guinness Storehouse would be so huge and would be rivalling some of the | :18:03. | :18:11. | |
biggest names across the world? It is the nominal. Sometimes I've got | :18:12. | :18:15. | |
to pinch myself that we have 1.5 million visitors every year. Quite | :18:16. | :18:20. | |
incredible. The reason is we have become an iconic, must see part of a | :18:21. | :18:27. | |
trip to Dublin. People love the brand and they associate it with | :18:28. | :18:34. | |
Dublin. Not necessarily the taste. It is almost the Marmite of the | :18:35. | :18:39. | |
drinks world. So it is interesting that the product itself is not | :18:40. | :18:43. | |
universally loved yet the brand has this cachet. 20% of the visitors | :18:44. | :18:50. | |
have never tasted Guinness. Quite extraordinary. It is a beautiful | :18:51. | :18:56. | |
tasting beer and we show people how to taste it. That goes down | :18:57. | :19:02. | |
particularly well with female audiences. We show people how to | :19:03. | :19:10. | |
pour the perfect pint and give them a certificate. The thing about | :19:11. | :19:20. | |
Guinness, it is a 2-part port. It is hugely popular around the world. | :19:21. | :19:28. | |
When you started this in 2000, you were not working for the company or | :19:29. | :19:32. | |
the brand. You would in the hotels business around the world. You were | :19:33. | :19:39. | |
headhunted, you arrived, it was just you and an empty building. How did | :19:40. | :19:50. | |
you make this happen? You are right, I started by bringing in creative | :19:51. | :19:57. | |
people from the hospitality and hotel industry because I felt they | :19:58. | :20:07. | |
possessed the right skills. They have every other aspect of it. I | :20:08. | :20:22. | |
think they work but I could not have done it without the help of | :20:23. | :20:33. | |
fantastic staff who generate a warm welcome for the visitors. Thinking | :20:34. | :20:42. | |
more generally about Ireland and the uncertainty it is facing, can Dublin | :20:43. | :20:47. | |
cope with the numbers you're receiving? Dublin is brimming with | :20:48. | :20:55. | |
tourism at the moment, in fact, as we speak, they are creating another | :20:56. | :21:06. | |
5000 hotel bedrooms. Yes, it is great, it is a great place to be. We | :21:07. | :21:12. | |
are constantly reinventing and adding to it and listening to our | :21:13. | :21:17. | |
visitors and refreshing the product. We've got a great future ahead of us | :21:18. | :21:25. | |
in Ireland. To Riz and supports 20,000 jobs and brings in ?7 billion | :21:26. | :21:31. | |
for the Exchequer. He looks very good. Apparently the routes between | :21:32. | :21:38. | |
Heathrow and Dublin is the second busiest. You can get a flight to | :21:39. | :21:50. | |
USA are our biggest market by far. USA are our biggest market by far. | :21:51. | :22:04. | |
In a moment we will be looking at the | :22:05. | :22:07. | |
other stories but first, a reminder how to get in touch. We will keep | :22:08. | :22:17. | |
you up-to-date with insight and analysis from the BBC's team of | :22:18. | :22:22. | |
editors and we want to hear from you as well. Get involved. We are on | :22:23. | :22:31. | |
Twitter and Facebook. Let's have a quick look at some of | :22:32. | :22:47. | |
the stories the media is taking an interest in. We've been talking | :22:48. | :22:54. | |
about Maria Sharapova and the decision by lots of the big brands | :22:55. | :22:58. | |
to pull away from her after this revelation. We've been asking for | :22:59. | :23:12. | |
some inside. This is something that happens, big brands don't want to be | :23:13. | :23:18. | |
involved with people in corporate scandal. We saw that with Lance | :23:19. | :23:24. | |
Armstrong, Tiger Woods... Don't you think that they are very quick to | :23:25. | :23:31. | |
react? They have learned lessons. They would linger for a bit longer | :23:32. | :23:36. | |
before but now they are just out. They've learned the lessons of the | :23:37. | :23:41. | |
past. When previous athletes have been involved in scandals. It is | :23:42. | :23:50. | |
super important to Maria Sharapova. She is worth $170 million. She will | :23:51. | :24:00. | |
be out-of-pocket significantly. We've got some tweaks in -- messages | :24:01. | :24:07. | |
in saying, it is the right decision, if you're not playing in the correct | :24:08. | :24:12. | |
way you will pay the price because you are a brand idol. We got another | :24:13. | :24:19. | |
one saying she should have distanced himself when the initial story | :24:20. | :24:21. | |
broke. They are partly owned... Just to say | :24:22. | :24:47. | |
there are differences between the stories in the sense that what she | :24:48. | :24:55. | |
has done has enhanced performance whereas with Tiger Woods that was | :24:56. | :24:58. | |
just a indiscretion. It is different in terms of how the sponsors decide | :24:59. | :25:01. | |
what they are doing next. If you are a young person who wants to emulate | :25:02. | :25:03. | |
Maria Sharapova, maybe don't... Let's move on, this story is in all | :25:04. | :25:06. | |
the papers. I think he did a great job at not coming down on either | :25:07. | :25:12. | |
side. Both camps looking to pick holes in him. He was saying that the | :25:13. | :25:17. | |
EU except would be the biggest domestic risk but not the biggest | :25:18. | :25:25. | |
risk in total. He gave an extraordinary performance, long | :25:26. | :25:32. | |
answers, very considered, trying not to come out on either side. He needs | :25:33. | :25:39. | |
to sit in the middle and provide information. He managed a lot of | :25:40. | :25:54. | |
doubt and no definite. That is it from business live. | :25:55. | :26:05. |