Browse content similar to 01/03/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Rachel Horne and Sally Bundock. | :00:00. | :00:14. | |
President Donald Trump delivers a toned down address to congress, | :00:15. | :00:18. | |
with lacklustre detail about his plans for tax | :00:19. | :00:20. | |
Live from London, that's our top story on Wednesday, 1st March. | :00:21. | :00:34. | |
It was a highly anticipated speech, but Donald Trump's first address | :00:35. | :00:37. | |
The President gave little detail about his plans | :00:38. | :00:50. | |
YouTube takes on the cable TV networks, by launching its own | :00:51. | :01:01. | |
In markets, in Europe, the markets are open. With so many small fashion | :01:02. | :01:13. | |
businesses being launched using the fast-paced world of social media, | :01:14. | :01:19. | |
how do start-up designers stand out? How do you get celebrities to wear | :01:20. | :01:24. | |
your clothes? We will be asking one successful entrepreneur. | :01:25. | :01:30. | |
And as Barack and Michelle Obama both sign record book deals | :01:31. | :01:40. | |
whose memoir would you be more | :01:41. | :01:41. | |
On Tuesday, President Trump addressed a joint session | :01:42. | :01:53. | |
of Congress for the first time since taking office. | :01:54. | :01:56. | |
In a highly anticipated speech, he spoke of "restarting the engine | :01:57. | :01:59. | |
The President reiterated his intention to slash corporation tax | :02:00. | :02:07. | |
in the US and provide tax breaks to middle-class Americans. | :02:08. | :02:09. | |
At the same time, he announced he'll be asking Congress to approve | :02:10. | :02:20. | |
legislation which will result in $1 trillion worth | :02:21. | :02:22. | |
He also called for what he describes as "one of the largest increases | :02:23. | :02:26. | |
in national defence spending in American history." | :02:27. | :02:31. | |
Mr Trump pointed to the country's $800 billion trade | :02:32. | :02:33. | |
Though figures from the Census Bureau suggest this figure reduces | :02:34. | :02:39. | |
to about $500 billion when trade in services is factored in. | :02:40. | :02:42. | |
Here's what the President had to say about his plans to transform | :02:43. | :02:45. | |
Right now American companies are taxed at one of the highest rates | :02:46. | :02:57. | |
anywhere in the world. My economic team is developing historic tax | :02:58. | :03:01. | |
reform that will reduce the tax rate on our companies so they can compete | :03:02. | :03:09. | |
and thrive anywhere and with anyone. APPLAUSE | :03:10. | :03:16. | |
It will be a big, big cut. At the same time, we will provide massive | :03:17. | :03:21. | |
tax relief for the middle-class. We must create a level playing field | :03:22. | :03:26. | |
for American companies and our workers. | :03:27. | :03:34. | |
APPLAUSE Marianne Schneider-Petsinger is US | :03:35. | :03:35. | |
Geoeconomics Fellow with the US Marianne Schneider-Petsinger is US | :03:36. | :03:40. | |
Geoeconomics Fellow What did you think of it? For Donald | :03:41. | :03:55. | |
Trump it was a big change in the rhetoric. It was a much softer | :03:56. | :04:00. | |
approach compared to his inaugural speech. You say a change in tone, | :04:01. | :04:04. | |
but when it comes to businesses, when it comes to the economy, we | :04:05. | :04:08. | |
want the detail now, surely. It has been long enough this wait, hasn't | :04:09. | :04:11. | |
it? It was very short on detail again. He really kind of laid out | :04:12. | :04:15. | |
the themes again that he very much, you know, laid out on the campaign | :04:16. | :04:20. | |
trail and I would say only with regards to repealing and replacing | :04:21. | :04:23. | |
Obamacare, if you see more detail, but again in principles of what he | :04:24. | :04:29. | |
would like to see and the rest, it was really just, reiterating the | :04:30. | :04:32. | |
familiar notions and maybe going one or two steps beyond, but not very | :04:33. | :04:35. | |
much. You say he was short on detail. Let's talk about the debt | :04:36. | :04:38. | |
limit because that's something he didn't mention. Something that the | :04:39. | :04:43. | |
US Government has a debt limit set by the Treasury, they need approval | :04:44. | :04:47. | |
to increase the debt limit. He's talking about investing $1 trillion | :04:48. | :04:51. | |
in infrastructure. There would be some private investment, but public | :04:52. | :04:55. | |
investment, is there any concern about the debt limit? I think it's | :04:56. | :04:59. | |
something that will very much have to be played out within the | :05:00. | :05:05. | |
Republican Party. There is a fraction who is fiscally | :05:06. | :05:08. | |
conservative. There has to be a balance between spending on | :05:09. | :05:10. | |
infrastructure which is something the Democrats want to see, but to | :05:11. | :05:13. | |
what extent does that raise the deficit and the debt? It wasn't much | :05:14. | :05:17. | |
of a focus in the speech. It was mentioned in one sentence when he | :05:18. | :05:23. | |
criticised Obama and the administration to really balloon the | :05:24. | :05:26. | |
debt, but other than that, it was not a topic. There is concern about | :05:27. | :05:33. | |
the numbers and the fact that they don't add up. When you talk about | :05:34. | :05:41. | |
kugt taxes, but increasing spending, ex-etcetera, etcetera, you have got | :05:42. | :05:45. | |
to make it add up? The big infrastructure plan of $1 trillion, | :05:46. | :05:48. | |
that's the only figure we have seen so far. Tax for corporates, but the | :05:49. | :05:52. | |
middle-class as well, but in reality, it is more for the wealthy | :05:53. | :05:57. | |
and they are not really addressing what happens with Social Security | :05:58. | :06:02. | |
and Medicare, that's part of the budget that needs to be brought | :06:03. | :06:04. | |
under control, but he hasn't addressed. We will talk to you again | :06:05. | :06:10. | |
about this in probably not the too distant future. | :06:11. | :06:17. | |
Travis Kalanick - the boss of car service Uber - | :06:18. | :06:20. | |
has been forced to apologise, after a video emerged | :06:21. | :06:22. | |
of him swearing at one of the company's drivers. | :06:23. | :06:24. | |
Fawzi Kamel has complained that his income was falling | :06:25. | :06:26. | |
because of changes to Uber's fare structure. | :06:27. | :06:31. | |
This is the latest problem for the California-based company comes | :06:32. | :06:34. | |
just days after it was forced to launch an investigation | :06:35. | :06:36. | |
The company which manages the undersea rail link | :06:37. | :06:43. | |
between the UK and France says 2016 was the best year in its history. | :06:44. | :06:48. | |
Eurotunnel says net consolidated profit reach just over $210 million, | :06:49. | :06:51. | |
as and passenger numbers and freight traffic both saw strong growth. | :06:52. | :06:57. | |
The company says it is confident about 2017 and this follows | :06:58. | :07:06. | |
Britain's impending departure from the European Union. | :07:07. | :07:08. | |
Several high-profile websites have been knocked offline or suffered | :07:09. | :07:11. | |
glitches because of a failure at one of Amazon's major US data centres. | :07:12. | :07:14. | |
Amazon's S3 server is responsible for providing cloud services | :07:15. | :07:16. | |
to about 150,000 companies around the world. | :07:17. | :07:17. | |
The music streaming platform Soundcloud and the popular virtual | :07:18. | :07:21. | |
office software Slack were among the websites to be affected. | :07:22. | :07:31. | |
A story that's sensitive in the UK partly because of Brexit is the | :07:32. | :07:37. | |
outlook for the car industry and lots of talk about a special deal | :07:38. | :07:41. | |
etcetera, etcetera. Well, this is a story that's been breaking in the | :07:42. | :07:44. | |
last hour. The boss of Unite which is one of the bigger unions here in | :07:45. | :07:50. | |
the UK, is visiting a Ford factory in Bridgend in South Wales because | :07:51. | :07:54. | |
there is real concern that Ford could be following through with | :07:55. | :08:01. | |
significant job cuts, 1163 job cuts could be going at Ford. Well, Unite | :08:02. | :08:05. | |
is warning about this. They're going to the site today. It is a very | :08:06. | :08:09. | |
sensitive story. It is one we're keeping an eye on. More detail on | :08:10. | :08:16. | |
our website. The wonder from down under! | :08:17. | :08:20. | |
The latest economic figures from down under have beaten | :08:21. | :08:23. | |
analysts expectations, showing the country | :08:24. | :08:27. | |
returned to growth after contracting last quarter. | :08:28. | :08:31. | |
I thought you were talking about Aaron Heslehurst then, the wonder | :08:32. | :08:36. | |
from down under! Tell us how did Australia pull this | :08:37. | :08:45. | |
off? There was a concern that we could be talking about a recession | :08:46. | :08:49. | |
in Australia? Well, if you could have heard it, you could say there | :08:50. | :08:54. | |
was a big collective sigh of relief when the data came out today, | :08:55. | :08:58. | |
showing that not only did Australia's economy bound, but it | :08:59. | :09:01. | |
avoided a recession. A recession as you know is defined as two | :09:02. | :09:05. | |
consecutive quarters of economic contraction. In the fourth quarter, | :09:06. | :09:12. | |
Australia's GDP grew by 1.1%, stronger than expected and again, | :09:13. | :09:16. | |
very, very important because in the previous quarter it had contracted. | :09:17. | :09:20. | |
What this means is the wonder down under had a quarter century of | :09:21. | :09:25. | |
uninterrupted economic expansion. How did they do it this time? Two | :09:26. | :09:29. | |
things really helped the economy bounce back. One a surge in exports | :09:30. | :09:34. | |
led by rising global commodity prices and two, higher household | :09:35. | :09:38. | |
spending. Australia relies very much on global commod commit prices and | :09:39. | :09:44. | |
exports. Its biggest customer is China and despite the fact that we | :09:45. | :09:48. | |
have seen a rebound in China, the rebound of the prices has seen a | :09:49. | :09:52. | |
strong turn around for Australia and next year's GDP is forecast at 3%. | :09:53. | :09:58. | |
Back to you now. Thank you for that. Let's look at how the markets have | :09:59. | :10:06. | |
been getting on. Yesterday the words for the market were, "Cautious." | :10:07. | :10:11. | |
Today's word is, "Muted." The Nikkei is up, but that's because of growing | :10:12. | :10:17. | |
expectation of a US interest rate hike this month strengthening the | :10:18. | :10:21. | |
dollar. European markets, they are in the green, up over 1% in Germany | :10:22. | :10:26. | |
and in France. Not a lot happening in the UK today, but still up just | :10:27. | :10:30. | |
over 0.5%. Let's go over to Wall Street. | :10:31. | :10:35. | |
Remember the American drug company that sparked outrage after it raised | :10:36. | :10:42. | |
the prices of its allergy allergy shot, the epipen, well, they will be | :10:43. | :10:45. | |
reporting earnings and investors will be focussing on how the company | :10:46. | :10:48. | |
will fair against mounting competition. Also reporting earnings | :10:49. | :10:58. | |
on Wednesday is Best Buy. It is an electronics retailer. It had to cut | :10:59. | :11:04. | |
costs and the future is not looking too bright. There is not as many | :11:05. | :11:07. | |
exciting products hitting the markets and with no cost-cutting | :11:08. | :11:12. | |
measures in place, it maybe a tough year for Best Buy, the second | :11:13. | :11:15. | |
biggest home improvement company will be reporting earns on | :11:16. | :11:20. | |
Wednesday. Lows may ben vit from the rising value of homes in the US | :11:21. | :11:27. | |
which may reverse spending on home remodelling. I wonder when she gets | :11:28. | :11:35. | |
sleep. She has been doing a round-the-clock job thanks to | :11:36. | :11:35. | |
President Trump. Jeremy Cooke joins us. Not much | :11:36. | :11:48. | |
detail came through, the fact that he hasn't addressed too much the | :11:49. | :11:51. | |
economic concerns, the market is closely looking at. It was more of a | :11:52. | :11:57. | |
socio economic speech. Chatter about immigration that tended to take the | :11:58. | :12:01. | |
main thrust of the speech and we've heard this language before. It was a | :12:02. | :12:05. | |
campaign speech. It was indistinguishable from what he said | :12:06. | :12:09. | |
on the stump throughout 2016. Given the lack of detail how do you think | :12:10. | :12:12. | |
the American markets will react today? Do you think we will see them | :12:13. | :12:16. | |
coming off the increases? There is an element, they knew they wouldn't | :12:17. | :12:20. | |
get too much yesterday or overnight because we had to wait on the budget | :12:21. | :12:25. | |
from the White House and in the mid-part of March and he said we had | :12:26. | :12:29. | |
to wait, he said a couple of days ago, details around the tax plan | :12:30. | :12:33. | |
which boosted stocks since he won the election, we have to wait until | :12:34. | :12:37. | |
repeal and repair of Obamacare and that's going to take a couple of | :12:38. | :12:40. | |
months. Something you noticed which is interesting, that's move the bond | :12:41. | :12:45. | |
markets in France is chatter on social media about one of the | :12:46. | :12:49. | |
candidates running to become the next president in France. He may | :12:50. | :12:54. | |
possibly pull out of the race? Yes. It is the likelihood apparently that | :12:55. | :12:59. | |
he is going to pull out of the French Presidential campaign. It is | :13:00. | :13:05. | |
just a rumour. He cancelled a number of speaking engagements. One which | :13:06. | :13:09. | |
is a huge speech. Cancelling that seems to suggest... Plus a press | :13:10. | :13:14. | |
conference? A-conference is scheduled for later on this morning. | :13:15. | :13:17. | |
He's third in the preliminary polling which wouldn't take him | :13:18. | :13:22. | |
through to the second round. So is he already out? We will be grilling | :13:23. | :13:33. | |
Jeremy whether he would buy Barack Obama or my shell Obama's books. | :13:34. | :13:36. | |
Still to come, we speak to one young entrepreneur about how to stand out | :13:37. | :13:39. | |
And how she's managed to get her T-shirts | :13:40. | :13:43. | |
You're with Business Live from BBC News. | :13:44. | :13:48. | |
There have been fresh calls this morning for Sir Philip Green | :13:49. | :13:53. | |
to lose his knighthood over the collapse of BHS. | :13:54. | :13:56. | |
That's despite the retail tycoon agreeing to pay up to ?363 million | :13:57. | :13:59. | |
to reduce the failed retailers pension deficit. | :14:00. | :14:02. | |
Theo Leggett is in our Business Newsroom. | :14:03. | :14:09. | |
Bring us up to speed. What's been happening? Fresh calls for him to | :14:10. | :14:16. | |
lose his knighthood despite the donation? Well, two of the MPs who | :14:17. | :14:22. | |
conduct Parliamentary inquiries into the collapse of BHS and who have | :14:23. | :14:26. | |
been responsible for putting pressure on Philip Green to come up | :14:27. | :14:32. | |
with money to fill in the deficit in the BHS pension fund, they have been | :14:33. | :14:37. | |
suggesting that stains on Sir Philip's character have not gone | :14:38. | :14:39. | |
away. They have stopped short of saying he should still lose his | :14:40. | :14:43. | |
knighthood, Ian Wright, he is chairman of the business Select | :14:44. | :14:48. | |
Committee, he told the Daily Mirror newspaper that allowing Sir Philip | :14:49. | :14:54. | |
to keep his knighthood would be like rewarding an arsonist who put his | :14:55. | :14:59. | |
own fire out. So pretty strong stuff there. Frank Field he has continued | :15:00. | :15:07. | |
to be critical. He said this is a good step, but has implied at least | :15:08. | :15:12. | |
it doesn't go far enough. Although Sir Philip Green has put his hand in | :15:13. | :15:17. | |
his pocket and come out with ?363 million to help fill the hole in the | :15:18. | :15:22. | |
BHS pension fund, I don't think the criticisms are going to go away. | :15:23. | :15:24. | |
Thank you, Theo. Tell us, if you had to read a book | :15:25. | :15:32. | |
of Barack Obama or Michelle Obama, which would you go for? Would you go | :15:33. | :15:37. | |
verbose? I would go through neither, I am not really into political | :15:38. | :15:40. | |
controversies, I prefer a good thriller. The West Wing. You heard | :15:41. | :15:46. | |
it from Theo, we are creating a picture of the O'Hear on BBC world | :15:47. | :15:57. | |
news. -- of Theo. House prices is something we like to talk about in | :15:58. | :16:01. | |
the UK. They are up again according to nationwide, up 0.6% in February. | :16:02. | :16:09. | |
We keep hearing that the housing market may be pulled down by Brexit. | :16:10. | :16:14. | |
It is still going up again, although there is expectation it will slow | :16:15. | :16:18. | |
down this year. More information on that on our tablet. | :16:19. | :16:21. | |
Our top story, President Trump delivered his highly anticipated | :16:22. | :16:29. | |
first speech to both houses of Congress. | :16:30. | :16:32. | |
The first one since he became president but he has disappointed to | :16:33. | :16:37. | |
a degree with the lack of detail. And a cockroach probably isn't | :16:38. | :16:41. | |
at the top of the list. But our next guest somehow seems | :16:42. | :16:45. | |
to be able to make it work. She's Marissa Montgomery, founder | :16:46. | :16:48. | |
and Chief Executive of Rotten Roach. The company makes ultra hip T | :16:49. | :16:52. | |
shirts and sweat shirts - much beloved of celebrities | :16:53. | :16:55. | |
like Kate Moss and Salma Hayek. It sells through a few high end | :16:56. | :17:01. | |
retailers, but almost 80% Marissa established Rotten Roach | :17:02. | :17:04. | |
in 2012 and chose the name after first-hand experience | :17:05. | :17:07. | |
with New York's abundant She was featured on the Forbes 30 | :17:08. | :17:09. | |
to Watch Under 30 list. Thank you becoming into the studio. | :17:10. | :17:30. | |
Tell us about your product, your brand. The idea, we have further | :17:31. | :17:35. | |
name comes from your idea of living in New York with lots of | :17:36. | :17:37. | |
cockroaches, Rotten Roach, but why did you think there is a gap in the | :17:38. | :17:42. | |
market for T-shirts? I just know from experience of myself and all my | :17:43. | :17:45. | |
girlfriends, T-shirts are something you can buy, you can wear in the day | :17:46. | :17:50. | |
and the evening, I wanted to create this wearable art. I worked with an | :17:51. | :17:56. | |
artist to create one-off wearable T-shirts, so each graphic is | :17:57. | :17:59. | |
exclusively designed for Rotten Roach, and they are just funny, | :18:00. | :18:04. | |
tongue-in-cheek. You wearing one of them now, which says Love bug. It is | :18:05. | :18:08. | |
pretty high end, they are not cheap by any means. Talk us through way | :18:09. | :18:13. | |
you wanted to place yourself in the market. Believe it or not, it is | :18:14. | :18:18. | |
affordable luxury, it sits amongst its peers on the lower end, but we | :18:19. | :18:22. | |
do sit in high-end boutiques, Mosley as we were discussing before for | :18:23. | :18:25. | |
positioning, and we seem to sell really well. We sell all across the | :18:26. | :18:29. | |
world, everywhere from Saint Barts to Greece to Miami, LA. How did you | :18:30. | :18:35. | |
make that happen? It is partly about connections and who you know, it | :18:36. | :18:40. | |
does help a lot, doesn't it? It definitely does, but if someone | :18:41. | :18:43. | |
doesn't like the product ultimately they will not buy it. You spoke | :18:44. | :18:47. | |
about placement, getting yourself into some high end boutiques, but | :18:48. | :18:52. | |
most of your cells are online. And you are manufacturing in Turkey and | :18:53. | :18:56. | |
California, and you have plans to start doing embroidery in the UK. | :18:57. | :19:01. | |
You are still very involved at the minute, you pack up most of the | :19:02. | :19:05. | |
items and sending them out yourself. I am packing up all of your orders | :19:06. | :19:09. | |
for the moment, when you go on the Rotten Roach and order something, I | :19:10. | :19:14. | |
am packing them up. In Turkey, and in California downtown, I work for a | :19:15. | :19:17. | |
closely with the manufacturers and I am hoping to make in England. Ring | :19:18. | :19:24. | |
it closer to home. This is one of the jumpers. The boss. Not that I am | :19:25. | :19:29. | |
the boss by any means, I wish I was! This is one of the jumpers that is | :19:30. | :19:33. | |
out there today. They just came in today so you are the first person to | :19:34. | :19:39. | |
see it. These things just fly off the shelves, as it were. And yet you | :19:40. | :19:45. | |
have the likes of Kate Moss and Selma Hayek wearing them, had a | :19:46. | :19:50. | |
Jamaican that happen? To be honest, both of them bought the T-shirts, we | :19:51. | :19:54. | |
did not give them. It is amazing. You can search, because I know which | :19:55. | :19:59. | |
store buys it from, each store buys a different thing, and you are able | :20:00. | :20:03. | |
to trace it. That is a gift for you, you can't beat that marketing. That | :20:04. | :20:09. | |
helps sales incredibly, and social media is so important, so once | :20:10. | :20:14. | |
repairs that picture or a celebrity does, we see a direct correlation | :20:15. | :20:18. | |
with sales on the website, so we can trace it, click Baxter Regli from | :20:19. | :20:24. | |
Instagram, Twitter, pinch rest. You mention those social media sites, | :20:25. | :20:27. | |
what percentage of your day do you spend on social media promoting your | :20:28. | :20:32. | |
brand? Too much, I think about it is so important. We have a blog section | :20:33. | :20:37. | |
on the website where we do interviews with interesting, | :20:38. | :20:40. | |
inspiring women. We are always looking to work with photographers | :20:41. | :20:43. | |
who have big social media influences, so it is a whole new | :20:44. | :20:47. | |
different type of celebrity now you have wearing your product, not just | :20:48. | :20:52. | |
Selma Hayek, Kate Moss come it is also these girls who would not | :20:53. | :20:57. | |
necessarily be known on the street but they have 2 million Instagram | :20:58. | :21:01. | |
followers. That is very interesting. You also have one with the boss on. | :21:02. | :21:06. | |
I am more of a bus than you, am I? No, I'm not. Who is the boss? Sally. | :21:07. | :21:11. | |
It is that wander from Down Under again. | :21:12. | :21:13. | |
Pokemon Go took the world by storm last year. | :21:14. | :21:15. | |
Nintendo's smash-hit saw millions of people take to the streets | :21:16. | :21:18. | |
in search of virtual monsters - our technology correspondent, | :21:19. | :21:20. | |
Rory Cellan Jones, has been speaking to the man behind the madness, | :21:21. | :21:23. | |
at the Mobile World Congress in Barcelona. | :21:24. | :21:24. | |
Last summer, an extraordinary craze swept around the world, which saw a | :21:25. | :21:30. | |
lot of people out with their mobile phones, hunting for Pokemon. It is | :21:31. | :21:34. | |
fair to say that the enthusiasm for Pokemon Go has faded a little since | :21:35. | :21:39. | |
then, but there are still Pokemon to be found out and about here at the | :21:40. | :21:42. | |
Barcelona Mobile world Congress, and I have also found the inventor of | :21:43. | :21:47. | |
the game, a man who has changed our views on augmented reality, John | :21:48. | :21:52. | |
Hankey from the antic. Did you have any concept of how big the game was | :21:53. | :21:57. | |
going to be when it launched? I wish I could have predicted that. | :21:58. | :22:01. | |
Obviously not. It was a huge surprise to us. We spent a good | :22:02. | :22:05. | |
portion of ourselves looking at Adidas pause and servers that were | :22:06. | :22:14. | |
going haywire with all of the operators. In San Francisco there | :22:15. | :22:21. | |
was a 9000 people spontaneous Pokemon event. It was very surreal, | :22:22. | :22:27. | |
actually does that hasn't it faded quite a lot? Something like that | :22:28. | :22:32. | |
will fade, it exploded on social media, it has a life of its own Nite | :22:33. | :22:34. | |
has become a very successful product. Not at that level of | :22:35. | :22:43. | |
frenzy, but it is one of the most used mobile apps out there. It | :22:44. | :22:48. | |
certainly is. Love it or hate it, Pokemon Go, and that is the man who | :22:49. | :22:54. | |
made it. I didn't let my children know about it. Jeremy is back, as | :22:55. | :22:57. | |
you can see, and we're talking about this story all over the papers | :22:58. | :23:00. | |
today, the New York Times it is everywhere. Obamas make book deal | :23:01. | :23:05. | |
with thing when Random House and we don't know specifically the number | :23:06. | :23:11. | |
but -- with Penguin Random House. A huge amount of money. Now suppose | :23:12. | :23:16. | |
really. Not really, Bill Clinton got about 15 million, George Bush got 10 | :23:17. | :23:20. | |
million, so this can blows it out of the water. It will be interested to | :23:21. | :23:24. | |
see which one is more popular. I would go for the Michelle Obama won, | :23:25. | :23:28. | |
I would like to see her probably layout how she would... Her | :23:29. | :23:33. | |
perspective. And maybe running for office in four five, eight years' | :23:34. | :23:38. | |
time. We had quite a feud tweets on this. Shahada said I would prefer | :23:39. | :23:44. | |
Michelle Obama. Only wanted to know about Barack Obama. Another text | :23:45. | :23:48. | |
says both books and Wayne says neither, so that covers the whole | :23:49. | :23:53. | |
gamut. Our unscientific poll of the newsroom, most said Michelle didn't | :23:54. | :23:58. | |
they? Interesting. Let's talk about the story about YouTube. They have | :23:59. | :24:06. | |
the constant conversation within media about where television is | :24:07. | :24:09. | |
going, and with Netflix. It got all of the traditional TV providers | :24:10. | :24:14. | |
really worried about the outlook. But now it looks like this new idea | :24:15. | :24:18. | |
from YouTube that actually we are all back in fashion. It is a new TV | :24:19. | :24:26. | |
subscription service from YouTube. They have YouTube red which delivers | :24:27. | :24:30. | |
ad free content in the US, but this one will bring together NBC, ESPN, | :24:31. | :24:36. | |
the broadcaster you would typically get in the United States through | :24:37. | :24:40. | |
YouTube. Say you're not just streaming stuff any more? No. Here | :24:41. | :24:46. | |
in the UK, you have the rest real TV, you may have Sky, Netflix, | :24:47. | :24:53. | |
Amazon prime as well. There is a huge range of services you can use. | :24:54. | :24:57. | |
It all depends on cost. There is no details about how much this will | :24:58. | :25:04. | |
cost quite yet. Maybe $30. Looking like $35 for a family subscription | :25:05. | :25:08. | |
so you can access it on up to 60 vices, you don't need a satellite | :25:09. | :25:12. | |
dish or a TV. But what about your broadband provision and the speed? | :25:13. | :25:19. | |
Sky have talked about delivering their service through the internet | :25:20. | :25:26. | |
in the past six months or so. But high-quality TV through your | :25:27. | :25:28. | |
internet connection and someone else is on Twitter, then it is gone. You | :25:29. | :25:32. | |
are really into it and it starts doing that. That was an issue, they | :25:33. | :25:37. | |
had a similar online search option called DirecTV in the state and it | :25:38. | :25:42. | |
is about $70 a month and viewers missed the end of the Super Bowl. | :25:43. | :25:45. | |
Disappointing. No one is going to want that. Thank you, Jeremy, | :25:46. | :25:48. | |
good to see you. Thank you for your contributions today. | :25:49. | :25:51. | |
There will be more business news throughout the day | :25:52. | :25:53. | |
on the BBC Live web page and on World Business Report. | :25:54. | :25:56. | |
Sally will be back tomorrow. See you soon, goodbye. | :25:57. | :26:04. | |
Good morning. Lots of whether to tell you about today. It was an icy | :26:05. | :26:13. | |
start for the North analyst of a wintry showers here, while in the | :26:14. | :26:16. | |
south the milder air Trent coming off the | :26:17. | :26:17. |